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Weekly Open + Monday High/Low (After Monday Close)

112
b]Description

This indicator marks key weekly reference levels based on Monday’s price behavior.
It automatically detects each trading week and tracks:

Weekly Open – the first traded price of the new week
Monday High – the highest price reached on Monday
Monday Low – the lowest price reached on Monday

Logic
The Monday range is fully captured only after Monday has closed.
No levels are plotted during Monday.
Starting from Tuesday, the indicator displays thin dots showing the completed Monday High, Monday Low, and Weekly Open for the remainder of the week.

When a new week begins, the indicator resets automatically and begins tracking the new week’s Monday.

Customization
The user can choose colors for:
• Monday High/Low
• Weekly Open

Purpose
This indicator helps traders visualize weekly structure, monitor weekly opening levels, and quickly identify Monday’s range for weekly bias analysis or strategy development.
It can also be used to manually backtest Monday range strategies.
Nota Keluaran
Added background color to monday.
Nota Keluaran
Added monday mid range.
Nota Keluaran
Updated example chart.
Nota Keluaran
Updated example chart.

Penafian

Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.