Weekly Change % This script shows Weekly Change % in Histogram. Start date of Week is Friday and End date of Week is Thursday. This script is useful for trade who deal with Weekly Options in Nifty and Bank Nifty
Komut dosyalarını "weekly" için ara
Weekly Options Expiry CandleThis script shows weekly expiry candle on daily chart. In weekly expiry, week starts on Friday and end on next Thursday.
How the candle is constructed:
Open= Open price of Friday, if Friday is a holiday, next available open price
High= Highest high price of Friday, Monday, Tuesday, Wednesday, Thursday
Low= Lowest low price of Friday, Monday, Tuesday, Wednesday, Thursday
Close=Close price of Thursday, if Thursday is a holiday, previously available close price
I am very new to Pine script, so waiting for your comments and review.
Weekly OpenHere we draw each weekly open using the new lines feature of Pine Script v4, inspired by Ultra Kzilla's Weekly Open strategy.
Pivot Points Weekly - bitcoin by Simon-RoseWeekly Version:
I have written 3 Indicators because i couldn't find what i was looking for in the library, so you can turn each one on and off individually for better visibility.
This are Daily, Weekly and Monthly Pivot Points with their Resistance and Support Points
and also on the Daily with the range between them.
I will also publish some Ideas to show you how to use them if you are not familiar with the traditional pivot points strategy already.
Unlike the usually 3 support & resistances i added 4 of them, specifically for trading bitcoin (on traditional markets this level of volatility usually never gets touched)
Here you can see which lines are what for reference, as the Feature to label lines is missing in Pinescript (if you have a workaround pls tell me ;) )
This is the basic calculation used :
PP = (xHigh+xLow+xClose) / 3
R1 = vPP+(vPP-Low)
R2 = vPP + (High - Low)
R3 = xHigh + 2 * (vPP - Low)
R4 = xHigh + 3 * (vPP - Low)
S1 = vPP-(High - vPP)
S2 = vPP - (High - Low)
S3 = xLow - 2 * (High - PP)
S4 = xLow - 3 * (High - PP)
If you have any questions or suggestions pls write me :)
Happy trading
Cheers
Daily Version:
Monthly Version:
Weekly Range PlotterThe Weekly Range Plotter is a dynamic market structure tool designed to help traders visualize critical high and low levels from specific days of the week and the previous week's range. It provides key visual anchors to support analysis of market behavior, including range compression/expansion and directional bias.
Weekly and daily separatorsThis script plots vertical line between each trading week (thick, solid) and smaller lines (dotted) between each trading day. This helps kepping a better overview on the aspect of time on the higher timeframes below 1D. The distance of the lines to the top and bottom of the chart is controlled by your chart settings menu under Appearance -> Margins.
Weekly Volume HeatmapThis tool is designed to visualize how the trading volume of each asset changes during the week.
How to use
This tool can help us better understand the market and answer many questions, such as:
◽ How to avoid getting stop hunted?
Typically, trading volume decreases at certain times of the week, which is the best time for large holders to manipulate the market. Low volume means there is less liquidity in the market. Large transactions in an illiquid market can cause large price changes.
Large holders (whales) have enough capital to push the price in the desired direction to trigger a cascade of stop-loss orders which can move the price further.
After a stop hunt, the market typically reverses, leaving stop hunted traders behind.
It is best to avoid using stop-loss orders and leveraged trading during these hours of the week.
◽ When’s the best time to make decisions
During some hours of the week the trading volume usually decreases; at these times, most traders are inactive and do not participate in transactions.
Therefore, the price changes that occur during these times lack conviction.
It is better to make decisions when there are more active traders in the market. At these periods, a relatively high trading volume is usually observed.
How it works
First, it calculates the average traded volume of each period (for example Monday 9:00 AM) from the first bar to the last bar. It then calculates the ratio of the average traded volume in each period to the average traded volume per week. Finally, the result is displayed as a percentage in each cell.
Different values are distinguished by different background colors. Light colors are used for low values and dark colors are used for high values.
Limits
It only works in the 1 hour time frame.
Samples
Stock => AAPL
Futures => ES1!
Forex => EURUSD
weekly MapThis indicator shows the highest and lowest level of the previous week in the current week. This area is also divided into 4 sections that can be controlled from the settings section.
Weekly MM200 distance ratioThis indicator is used to calculate the ratio from the current price and the weekly 200 moving average.
Weekly Open Percent RangeA simple take on finding percentage gain/drop range in a week for ranging or trending market instrument.
This script is hard coded to plot 0 to 3%, -3% range for the week base on instrument weekly open price.
Best to use with measured volatility indicator to gauge the movement of price. Anytime the price goes above the range level then it is likely to be trending. Highly volatile instruments will not find this indicator useful. It is best for heavy instruments like Forex or Indices where range % in a week in a non-volatile move is really quite small that these act as resistances and support.
Range Levels:
3%
2.5%
2%
1.5%
1%
0.75%
0.5%
0.25%
0%
-.25%
-.5%
-.75%
-1%
-1.5%
-2%
-2.5%
-3%
The next step for this indicator is to consider volatility range of instrument and to include this in the percentage zone levels instead of hard coding these.
Weekly VWAP - Starts Monday 12AMThere are a number of VWAP indicators out there, but it's difficult to find VWAP calculations that take the entire week into account. This helps with analyzing longer-term trends on daily and intraday charts. As with all VWAP indicators, this one is also more sensitive to price starting at the open of trading at the beginning of the week.
Weekly Color OverlayThis script facilitates visualization of week-of-the-month breaks with Sunday highlighting the beginning of a new week. Code breaks at the monthly time-period and since I don't ever look at that time period i'm not inclined to fix it unless someone sends me a 'push' via message.
Weekly Stock Trend Trading Tool// Created by TheBullTrader, 2017.
// Hi everyone, welcome to my Weekly Trend Trading Tool with the 50 day and 200 day moving averages
// This indicator scores each stock/ index individually and scores them on a simple scale -1.5 to +1.5
// This indicator has 2 zones: green zone = bullish, and red zone = bearish
// There are 3 plots: green = 50 day sma, red = 200 day sma, and trend signal= teal
// Buying Signal is when the green plot crosses teal plot or AGGRESSIVE Buy = green plot beginning to curve up from bearish zone.
// Sell Signal is when the green plot enters the RED ZONE
// By using this indicator as described, it will help you pick stock bottoms and COULD GET YOU OUT OF A STOCK CRASH!
// Recommendations is to scan this indicator against the top 100 US stocks with a long stock history greater than 10 years.
// I usually find 5-10 really good deals every few months. Slow and Easy way to build wealth. **Thanks for reading**
Weekly closeIt turned out not to be that easy to plot the close of the previous week in hourly or daily charts. In my first experiments things went wrong on Friday or intraday if you simply use the security function. So here is the thing with an algorithm that guaranties the correct value.
SPX Weekly Expected Moves# SPX Weekly Expected Moves Indicator
A professional Pine Script indicator for TradingView that displays weekly expected move levels for SPX based on real options data, with integrated Fibonacci retracement analysis and intelligent alerting system.
## Overview
This indicator helps options and equity traders visualize weekly expected move ranges for the S&P 500 Index (SPX) by plotting historical and current week expected move boundaries derived from weekly options pricing. Unlike theoretical volatility calculations, this indicator uses actual market-based expected move data that you provide from options platforms.
## Key Features
### 📈 **Expected Move Visualization**
- **Historical Lines**: Display past weeks' expected moves with configurable history (10, 26, or 52 weeks)
- **Current Week Focus**: Highlighted current week with extended lines to present time
- **Friday Close Reference**: Orange baseline showing the previous Friday's close price
- **Timeframe Independent**: Works consistently across all chart timeframes (1m to 1D)
### 🎯 **Fibonacci Integration**
- **Five Fibonacci Levels**: 23.6%, 38.2%, 50%, 61.8%, 76.4% between Friday close and expected move boundaries
- **Color-Coded Levels**:
- Red: 23.6% & 76.4% (outer levels)
- Blue: 38.2% & 61.8% (golden ratio levels)
- Black: 50% (midpoint - most critical level)
- **Current Week Only**: Fibonacci levels shown only for active trading week to reduce clutter
### 📊 **Real-Time Information Table**
- **Current SPX Price**: Live market price
- **Expected Move**: ±EM value for current week
- **Previous Close**: Friday close price (baseline for calculations)
- **100% EM Levels**: Exact upper and lower boundary prices
- **Current Location**: Real-time position within the EM structure (e.g., "Above 38.2% Fib (upper zone)")
### 🚨 **Intelligent Alert System**
- **Zone-Aware Alerts**: Separate alerts for upper and lower zones
- **Key Level Breaches**: Alerts for 23.6% and 76.4% Fibonacci level crossings
- **Bar Close Based**: Alerts trigger on confirmed bar closes, not tick-by-tick
- **Customizable**: Enable/disable alerts through settings
## How It Works
### Data Input Method
The indicator uses a **manual data entry approach** where you input actual expected move values obtained from options platforms:
```pinescript
// Add entries using the options expiration Friday date
map.put(expected_moves, 20250613, 91.244) // Week ending June 13, 2025
map.put(expected_moves, 20250620, 95.150) // Week ending June 20, 2025
```
### Weekly Structure
- **Monday 9:30 AM ET**: Week begins
- **Friday 4:00 PM ET**: Week ends
- **Lines Extend**: From Monday open to Friday close (historical) or current time + 5 bars (current week)
- **Timezone Handling**: Uses "America/New_York" for proper DST handling
### Calculation Logic
1. **Base Price**: Previous Friday's SPX close price
2. **Expected Move**: Market-derived ±EM value from weekly options
3. **Upper Boundary**: Friday Close + Expected Move
4. **Lower Boundary**: Friday Close - Expected Move
5. **Fibonacci Levels**: Proportional levels between Friday close and EM boundaries
## Setup Instructions
### 1. Data Collection
Obtain weekly expected move values from options platforms such as:
- **ThinkOrSwim**: Use thinkBack feature to look up weekly expected moves
- **Tastyworks**: Check weekly options expected move data
- **CBOE**: Reference SPX weekly options data
- **Manual Calculation**: (ATM Call Premium + ATM Put Premium) × 0.85
### 2. Data Entry
After each Friday close, update the indicator with the next week's expected move:
```pinescript
// Example: On Friday June 7, 2025, add data for week ending June 13
map.put(expected_moves, 20250613, 91.244) // Actual EM value from your platform
```
### 3. Configuration
Customize the indicator through the settings panel:
#### Visual Settings
- **Show Current Week EM**: Toggle current week display
- **Show Past Weeks**: Toggle historical weeks display
- **Max Weeks History**: Choose 10, 26, or 52 weeks of history
- **Show Fibonacci Levels**: Toggle Fibonacci retracement levels
- **Label Controls**: Customize which labels to display
#### Colors
- **Current Week EM**: Default yellow for active week
- **Past Weeks EM**: Default gray for historical weeks
- **Friday Close**: Default orange for baseline
- **Fibonacci Levels**: Customizable colors for each level type
#### Alerts
- **Enable EM Breach Alerts**: Master toggle for all alerts
- **Specific Alerts**: Four alert types for Fibonacci level breaches
## Trading Applications
### Options Trading
- **Straddle/Strangle Positioning**: Visualize breakeven levels for neutral strategies
- **Directional Plays**: Assess probability of reaching target levels
- **Earnings Plays**: Compare actual vs. expected move outcomes
### Equity Trading
- **Support/Resistance**: Use EM boundaries and Fibonacci levels as key levels
- **Breakout Trading**: Monitor for moves beyond expected ranges
- **Mean Reversion**: Look for reversals at extreme Fibonacci levels
### Risk Management
- **Position Sizing**: Gauge likely price ranges for the week
- **Stop Placement**: Use Fibonacci levels for logical stop locations
- **Profit Targets**: Set targets based on EM structure probabilities
## Technical Implementation
### Performance Features
- **Memory Managed**: Configurable history limits prevent memory issues
- **Timeframe Independent**: Uses timestamp-based calculations for consistency
- **Object Management**: Automatic cleanup of drawing objects prevents duplicates
- **Error Handling**: Robust bounds checking and NA value handling
### Pine Script Best Practices
- **v6 Compliance**: Uses latest Pine Script version features
- **User Defined Types**: Structured data management with WeeklyEM type
- **Efficient Drawing**: Smart line/label creation and deletion
- **Professional Standards**: Clean code organization and comprehensive documentation
## Customization Guide
### Adding New Weeks
```pinescript
// Add after market close each Friday
map.put(expected_moves, YYYYMMDD, EM_VALUE)
```
### Color Schemes
Customize colors for different trading styles:
- **Dark Theme**: Use bright colors for visibility
- **Light Theme**: Use contrasting dark colors
- **Minimalist**: Use single color with transparency
### Label Management
Control label density:
- **Show Current Week Labels Only**: Reduce clutter for active trading
- **Show All Labels**: Full information for analysis
- **Selective Display**: Choose specific label types
## Troubleshooting
### Common Issues
1. **No Lines Appearing**: Check that expected move data is entered for current/recent weeks
2. **Wrong Time Display**: Ensure "America/New_York" timezone is properly handled
3. **Duplicate Lines**: Restart indicator if drawing objects appear duplicated
4. **Missing Fibonacci Levels**: Verify "Show Fibonacci Levels" is enabled
### Data Validation
- **Expected Move Format**: Use positive numbers (e.g., 91.244, not ±91.244)
- **Date Format**: Use YYYYMMDD format (e.g., 20250613)
- **Reasonable Values**: Verify EM values are realistic (typically 50-200 for SPX)
## Version History
### Current Version
- **Pine Script v6**: Latest version compatibility
- **Fibonacci Integration**: Five-level retracement analysis
- **Zone-Aware Alerts**: Upper/lower zone differentiation
- **Dynamic Line Management**: Smart current week extension
- **Professional UI**: Comprehensive information table
### Future Enhancements
- **Multiple Symbols**: Extend beyond SPX to other indices
- **Automated Data**: Integration with options data APIs
- **Statistical Analysis**: Success rate tracking for EM predictions
- **Additional Levels**: Custom percentage levels beyond Fibonacci
## License & Usage
This indicator is designed for educational and trading purposes. Users are responsible for:
- **Data Accuracy**: Ensuring correct expected move values
- **Risk Management**: Proper position sizing and risk controls
- **Market Understanding**: Comprehending options-based expected move concepts
## Support
For questions, issues, or feature requests related to this indicator, please refer to the code comments and documentation within the Pine Script file.
---
**Disclaimer**: This indicator is for informational purposes only. Trading involves substantial risk of loss and is not suitable for all investors. Past performance does not guarantee future results.
WON WeekliesWilliam O'Neil was a big proponent of using weekly charts, often highlighting the significance of 3 or more tight weekly closes, or a sequence of five or more consecutive up weeks. This indicator recognizes both of these conditions providing clear visual cues to signify this institutional buying activity. When three tight weekly closes or more occur a circle will be drawn around the middle close or the background will change color, depending on user preference. If five or more consecutive up weeks are detected a box is drawn around all the price action of those weeks.
User Options:
- Choose to display both or only one condition
- Customizable colors
- Define what a tight close is (default is less than 1.5%)
- Change background color or display smaller circles for 3 weeks tight
- Alerts for both
Note: 5 weekly closes wont print until the 5th weeks candle is closed.
Previous Day and Week RangesI've designed the "Previous Day and Week Ranges" indicator to enhance your trading strategy by clearly displaying daily and weekly price levels. This tool shows Open-Close and High-Low ranges for both daily and weekly timeframes directly on your trading chart.
Key Features :
Potential Support and Resistance: The indicator highlights previous day and week ranges that may serve as key support or resistance levels in subsequent trading sessions.
Customizable Display Options: Offers the flexibility to show or hide daily and weekly ranges based on your trading needs.
Color Customization: Adjust the color settings to differentiate between upward and downward movements, enhancing visual clarity and chart readability.
This indicator is ideal for traders aiming to understand market dynamics better, offering insights into potential pivot points and zones of price stability or volatility.
Monday_Weekly_Range/ErkOzi/Deviation Level/V1"Hello, first of all, I believe that the most important levels to look at are the weekly Fibonacci levels. I have planned an indicator that automatically calculates this. It models a range based on the weekly opening, high, and low prices, which is well-detailed and clear in my scans. I hope it will be beneficial for everyone.
***The logic of the Monday_Weekly_Range indicator is to analyze the weekly price movement based on the trading range formed on Mondays. Here are the detailed logic, calculation, strategy, and components of the indicator:
***Calculation of Monday Range:
The indicator calculates the highest (mondayHigh) and lowest (mondayLow) price levels formed on Mondays.
If the current bar corresponds to Monday, the values of the Monday range are updated. Otherwise, the values are assigned as "na" (undefined).
***Calculation of Monday Range Midpoint:
The midpoint of the Monday range (mondayMidRange) is calculated using the highest and lowest price levels of the Monday range.
***Fibonacci Levels:
// Calculate Fibonacci levels
fib272 = nextMondayHigh + 0.272 * (nextMondayHigh - nextMondayLow)
fib414 = nextMondayHigh + 0.414 * (nextMondayHigh - nextMondayLow)
fib500 = nextMondayHigh + 0.5 * (nextMondayHigh - nextMondayLow)
fib618 = nextMondayHigh + 0.618 * (nextMondayHigh - nextMondayLow)
fibNegative272 = nextMondayLow - 0.272 * (nextMondayHigh - nextMondayLow)
fibNegative414 = nextMondayLow - 0.414 * (nextMondayHigh - nextMondayLow)
fibNegative500 = nextMondayLow - 0.5 * (nextMondayHigh - nextMondayLow)
fibNegative618 = nextMondayLow - 0.618 * (nextMondayHigh - nextMondayLow)
fibNegative1 = nextMondayLow - 1 * (nextMondayHigh - nextMondayLow)
fib2 = nextMondayHigh + 1 * (nextMondayHigh - nextMondayLow)
***Fibonacci levels are calculated using the highest and lowest price levels of the Monday range.
Common Fibonacci ratios such as 0.272, 0.414, 0.50, and 0.618 represent deviation levels of the Monday range.
Additionally, the levels are completed with -1 and +1 to determine at which level the price is within the weekly swing.
***Visualization on the Chart:
The Monday range, midpoint, Fibonacci levels, and other components are displayed on the chart using appropriate shapes and colors.
The indicator provides a visual representation of the Monday range and Fibonacci levels using lines, circles, and other graphical elements.
***Strategy and Usage:
The Monday range represents the starting point of the weekly price movement. This range plays an important role in determining weekly support and resistance levels.
Fibonacci levels are used to identify potential reaction zones and trend reversals. These levels indicate where the price may encounter support or resistance.
You can use the indicator in conjunction with other technical analysis tools and indicators to conduct a more comprehensive analysis. For example, combining it with trendlines, moving averages, or oscillators can enhance the accuracy.
When making investment decisions, it is important to combine the information provided by the indicator with other analysis methods and use risk management strategies.
Thank you in advance for your likes, follows, and comments. If you have any questions, feel free to ask."
Multi TF High/Low/Open/Close LineNOTE: I'm not sure why the screengrab isn't showing the lines. They are there, and when I share the chart from this link they are there.... idk
This is a requested spin-off version of my previous HLOC for the Daily/Weekly/Monthly that allows users to choose 3 different timeframe units (Mins, Hours, Days, etc...) from the dropdown menu and then select the lookback period in which to draw the HLOC.
I've had quite a few requests to allow users to see multiple lookbacks for the same timeframe unit, mostly weekly, and I did not wish to change that particular script for that purpose. However, I was able to take the existing script and alter it for user input.
This indicator draws a line on the TF 1, TF 2, and TF 3 bar at the High, Low, Open and Close of user input Timeframe unit and selected lookback period.
The lookback period will go back the number of candles entered. So for example if you choose a 5 Min chart with a lookback of 3, the lines will be drawn on the HLOC 3 closed 5 min candles back. Selecting 0 will show data on the current Real-Time candle.
An example of a request I have gotten was for last week, the previous week and the previous month. The settings for that would be: TF 1 - 1 week Lookback 1, TF 2 - 1 week Lookback 2, TF 3 - 1 month Lookback 1.
Each set of lines has an optional identifying label with its own color set that can be shown with or without price value, and has drop down menus for size and style of each set of labels. The TF unit value is displayed on the label, but not the lookback.
So if you are using the hourly on all 3 TF's with different lookback periods, they will all say "60" on the label.
I recommend using the line and label options to distinguish between the different lookback values.
Each set of lines has inputs for line/text color, line width and style and each line argument can be selected independently.
In the chart example I have displayed only the High and Low on three 1 hour TF's with the lookback of 4, 5 and 6 candles with the labels descending in size. With this data I can see that over the last 6 hours the price of ES is in an descending pattern and I should be on alert for a break.
Since I trade ES in RTH on a much lower timeframe, this data can alert me to a bigger picture potential trend change or continuation. I would personally use this with pivot data for timing and look for entries in areas of high volume that moved price to a new
high or low that have not been retested.
I will be looking to add a user input offset for labels in the future. I have had bad luck with it in the past working for a couple weeks and then throwing an error, but I will look into it again soon.
I also recommend going into Chart Settings/Status Line and turning off indicator arguments OR moving the script to the top of the indicator list to avoid obstructed chart view with this indicators arguments. When script allows, I will update it to hide them.
[GrandAlgo] MTF Historical Highs and LowsMany traders rely on weekly highs and lows to identify key market levels, but what if you could see how price reacted to these levels in past weeks, months, or even years? With MTF Historical Highs and Lows, you can visualize all past highs, lows, and midpoints from any timeframe, allowing you to refine your strategy and make more informed trading decisions.
This indicator retrieves and plots historical highs, lows, and midpoints based on a user-selected timeframe (default: Weekly). It dynamically updates, ensuring that all significant price levels remain visible on your chart. Additionally, smart filtering helps you focus only on relevant levels, and alerts notify you when price interacts with key zones.
Key Features:
✅ Automatically Fetches & Plots Historical Highs, Lows, and Midpoints
✅ Customizable Timeframes (default: Weekly, but adjustable)
✅ Visibility Filtering – Hides lines that are too far from the current price
✅ Alerts for Key Levels – Get notified when price touches an important historical level
✅ Customizable Colors & Display Preferences for clarity
How It Works:
1️⃣ Select a Date Range – Focus on historical levels that are most relevant to the current market conditions
2️⃣ Choose a Timeframe – Use Weekly, Monthly, or any timeframe that suits your strategy.
3️⃣ Enable Highs, Lows, and Midpoints – Customize what you want to see.
4️⃣ Adjust Filtering – Hide lines that are too far from the current price to reduce clutter.
5️⃣ Get Alerts – Be notified when price reaches a historical level for potential trade setups.
Ideal for Traders Who:
Trade Support & Resistance Levels – Understand how price reacts at historical highs and lows.
Analyze Market Structure – Identify key areas where price may reverse or break out.
Want Smart Alerts – Stay informed without staring at charts all day.