Weekend High/Low MagnetWeekend High/Low Magnet identifies qualifying weekend extremes on standard time-based charts for 24/7 markets.
HOW LEVELS QUALIFY
A weekend high is shown only when it is also the highest high recorded since Tuesday 00:00 UTC, including Tuesday.
A weekend low is shown only when it is also the lowest low recorded since Tuesday 00:00 UTC.
Highs and lows qualify independently. Equal ties qualify, with the first weekend occurrence retaining ownership of the level.
WEEKEND WINDOW
The weekend window begins Saturday 00:00 UTC and ends immediately before the FX market opens at Sunday 17:00 America/New_York.
This boundary automatically adjusts for US daylight-saving time:
• 21:00 UTC during daylight-saving time
• 22:00 UTC during standard time
The FX-open candle is excluded from the weekend calculation, but it can immediately sweep a newly confirmed level.
LIVE AND CONFIRMED LEVELS
Qualifying levels appear during the weekend as “WH live” and “WL live”.
Live levels are provisional and move only when a new strict weekend extreme forms. At the FX open, valid levels are confirmed as “WH” or “WL”.
Confirmed levels extend to the right until price first touches or breaches them, then stop on the candle that took the level.
DISPLAY
• Purple one-pixel dotted lines
• Exact candle anchoring
• Up to 249 completed weekends retained
• No user settings—the calculation and styling are standardized
TIMEFRAMES
The indicator supports standard time-based charts, including intraday, 6-hour and daily charts.
Charts above one hour use ordered internal one-hour data while anchoring each level to the corresponding visible chart candle.
IMPORTANT
Live weekend levels intentionally repaint until the FX open. Missing historical or intrabar data causes the affected week to be skipped rather than estimated.
The word “Magnet” describes a level traders may monitor. It does not guarantee that price will return to or react from the level.
This indicator is intended for visual market-structure analysis. It does not place trades or provide financial advice.
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