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Weeklyopen

B A N K $ - Opening Lines / Daily Separators This is a simple indicator that aids the trader in being able to visualise each trading day of the week; Key Features Weekly Open Line Daily Open Line Option for Background Lines Weekly & Daily Open Lines Information ℹ️ These are vertical lines that are anchored to the hour of the Weekly Open and the hour of each Daily Candle Open. The settings are customisable, allowing to you edit the Width, Style & Colour. You can also select Monday as the Weekly Open if Monday is a no-trade day for you. Settings ⚙️ 1h Toggle - by default Daily Open Lines are only visible under the 1h, you can select to also make them visible on the 1h. Background Lines - you can replace the chart lines with background lines, this can improve performance and allow you to load more lines on the chart when going back in price. Show Days of Week - this prints the current day on the chart.
Pine Script™ indicator
by wintonbanks
HT: Weekly LevelsIndicator draws several most important weekly levels on the lower timeframe: last week high/low, halfback, week close and current week open. These levels often act as support/resistance for price movements. Also, they can help to assess week character and control of power. Indicator can be used on any timeframe, lower than weekly, for any type of instrument, including futures. It also provides an option to draw levels for any selected week back in time. Important notes: • Levels for the last week are drawn after the new week opens. • Half-back is calculated as a middle line between week High and Low. Parameters: Date – user can select date, belonging to week, for which levels will be plotted. Works only if “Use” check box is on. Otherwise, levels will be plotted for the last week. (“time” value doesn’t matter; unfortunately, there is no way to hide the input box) Time zone – your chart time zone (as UTC offset). Only needed if you use “Date” parameter. Visuals – controls visibility and colors Script is published as an open source. It uses two libraries: Levels Lib and Functions Lib. First one demonstrates how to work with pine-script object model and arrays. You can also reuse it in your custom scripts where there is need to construct any support/resistance levels. The second library contains some useful functions for working with time and dates. Disclaimer This indicator should not be used as a standalone tool to make trading decisions but only in conjunction with other technical analysis methods.
Pine Script™ indicator
by hermes_trisme
Weekly Power 3Did you know there is a simple line you can place on your chart to immediately make the weeks price action more understandable? Its called the Weekly Open Line. And its the opening price of the trading week. It was created by The Inner Circle Trader (ICT) and incorporates another one of his concepts called Power 3. The Weekly Power 3 indicator takes the idea of the Weekly Open Line and builds a suite of intelligent and dynamic tools around it that will immediately help the user to start understanding how price moves within the trading week context. Features Static Weekly Open Line Intelligent Days of the Week Text Dynamic Weekly High Line Dynamic Weekly Low Line Weekly High Candle Label (highest candle of the week) Weekly Low Candle Label (lowest candle of the week) Best Odds High of the Week Zone Line & Text Best Odds Low of the Week Zone Line & Text Components The primary feature is a line that forms on the weekly open price and grows as the week progresses. Additionally, lines are created for the highest and lowest prices of the week so the weekly profile can be easily recognized. A dynamic label marks each weeks highest and lowest point. This will automatically move as prices expand throughout the week. A very useful component of the Weekly Power 3 indicator is the Days of the Week text. Each Day of the Week text is displayed in the middle of each trading day and also the user can specify in the Settings whether to position the text at the high or low of the weeks price range. Additionally, there is a Buffer setting that allows the user to move the Days of the Week text up or down to prevent chart overlapping. To help the user visualize the span of time with the best odds of forming the weekly highs or weekly lows, according to ICT, this indicator adds at static line and optional label into the charts future that projects the span from Tuesday’s London Open to Wednesday’s New York. Having a static line out in the future on your chart really helps to picture where price could be drawn to based solely around time of the week. Premise ICT says that the weekly open price is the most important level that price reacts to across the five days of a trading week. If the week profile is expected to be bullish then price many times goes below the weekly open line at the beginning of the week and above it later in the week (a.k.a Bullish Power 3). Consequently, if the week is anticipated to be a bearish week, price often times starts the week high and then goes lower throughout the week (a.k.a Bearish Power 3). ICT always specifies that the weekly high or weekly low have the best odds of forming between the Tuesday’s London Open and Wednesday’s New York Open. Inputs and Style Like all scripts publish by Infinity Trading, everything in the indicator is customizable by the user. Every label, line, or text can be individually toggled ON or OFF so the user has complete control over the elements they want displayed on their chart. All of the lines can be individually adjusted by color, line style, or line width. The color and text color on the high and low of the week labels can be individually changed. The text in the chart (day of the week & best odds zones text) each have a “buffer” value. This allows the user to individually move the text up or down on the chart to declutter the chart. And lastly, the day of the week text can be positioned above or below the weeks price action and the text will dynamically move higher or lower as price expands throughout the week. Previous weeks have all of the Weekly Power 3 markups so it's easy to study past price action and identify trends. Gallery View the weeks price action View multiple weeks price action Visualize future price action
Pine Script™ indicator
by Infinity_Trading_
30
Trend and Key Levels combined with Barcolor VTRENDThe Trend and Key Levels combined with Barcolor is designed to be used more on higher timeframes, 1 hour and above to show long term trend by volume weighted moving average. And allowing you to play entries off key levels. This script will not be useful on the daily or weekly timeframes if you are using the key levels. This script changes barcolor eitherside of the volume weighted moving average to show bull or bear trend. You can see the price action at this timeframe of 1 hour, respects the volume weighted moving average as support and resistance. The key levels to play off are the daily levels in orange, a close above results in a candle color of purple, a close below the daily open results in a candle color of maroon. Included as levels, are the weekly, monthly and yearly. Included are alerts for the candle color change for the daily alerts and change of trend green to red. I hope you find this script useful!
Pine Script™ indicator
by vtrend-script
[astropark] price levelsDear Followers, today another awesome Analysis Tool, that you can use in your trading journey: Price Levels ! Are you a range trading player? a scalper? or maybe a day-trader or a swing-trader? This is for you then. Indeed it's for everyone. This indicator works on every timeframe, market and pair. It keeps track of recent important levels generated by price action: Monday high, low and middle range level Tuesday high and low Wednesday high and low Thursday high and low Friday high and low Weekly open, high and low Monthly open, high and low Yearly open, high and low Previous weekly open, high and low Previous monthly open, high and low Previous yearly open, high and low You can: choose price levels to hide and show change each level color / thickness / display style (solid or dotted) choose to show or hide price labels and change their size Why such indicator should be helpful? How can I use it to do profit? In multiple ways! Let's talk about Monday Range : when Monday range is formed, price acceptance below Monday low is a bearish signal, so will more likely want to short / sell equally price acceptance above Monday high is a bullish signal, so will more likely want to long / buy it can happen that Monday high is simply retested, with price not being able to stay above it: this is called a retest (in case of a simple wick) or a deviation (in case of price staying above the level just for some candles) and what usually happens is price falling back to Monday middle range level and even back to Monday low. the opposite can happen of course: you will become bullish if Monday low is tested or a deviation appears below Monday low: price tends to bounce on such occasions back to Monday middle range or even Monday high Tuesday is usually a marker day within a trading week: if Monday was pretty bullish, Tuesday high may mark the weekly top, following some red days if Monday was pretty bearish, Tuesday low may mark the weekly bottom, following some green days Thursday is the day when big players start to take profits, as the trading week is going to end the next day, so in an all-green week Thursday may be a red one, while in an all-red week it may be a bullish day Thursday is the day when big players start to take profits, as the trading week is going to end the next day: in an all-green week, Thursday may be a red one and it's low tends to mark the weekly low while in an all-red week, it tends to be a bullish day, so here you will refill your shorts for the next blooding day Let's talk now about the Weekly, Monthly and Yearly price levels : here it is the interesting part for Swing Traders Weekly open is usually a defining level: on retest, if price keeps staying below then more downside is expected, if price keeps staying above then more upside is expected (similarly to what we said about Monday high and low) Monthly and Yearly open price levels are usually a "no-brainer" buy level in a bullish trend or equally a sell level in a bearish trend: in this scenarios, a deviation structure is even more powerful in term of price reaction and efficiency We trade Weekly, Monthly and Yearly high and low price levels as explained for the Monday high and low, but with a swing traders perspective (so a medium-long term trade) Previous Weekly/Monthly/Yearly price levels are usually very useful as targets in your trades Here below some screenshots that resumes what said above. Weekly Open as support (bullish) and Monday High deviation (bearish) Tuesday High, Weekly Open failing as support: bearish Monday Low deviation (bullish) Price Acceptance above Monday High and Weekly Open (bullish) Yearly Open retests as buy opportunities Deviation below Monthly Open (bullish), Price Acceptance below Monthly and Yearly Open (bearish) This is a premium indicator , so send me a private message in order to get access to this script.
Pine Script™ indicator
by astropark
1
SFL Levels - levels that matterThis is an indicator that gives you an easy way to display the following significant levels on a chart: - The daily open - The weekly open - The monthly open - Yesterday's high and low price - Last week's high and low price These levels often function as natural support and resistance and because of that, it's relevant to have them on your charts. Every type of level can be enabled or disabled, allowing you to easily customize for the levels you want to see. The colours and line types can also be changed as you wish.
Pine Script™ indicator
by UnknownUnicorn553472
5