Indicator
Weekly Sunday Close-Open Line for Futures📊 Futures Weekend Transition Marker
Keep your eyes on the gap! 🚀
This lightweight, clean indicator is designed specifically for Futures traders (ES, NQ, YM, GC, etc.) who need to see exactly where the Friday close ends and the Sunday open begins. No more squinting at the time scale to find the start of the trading week! 🧐
✨ Key Features:
● Vertical Dividers: Automatically drops a line at the exact moment the market reopens on Sunday. 🚪🔓
● Fully Customizable: Change the line color, thickness, and style (Solid, Dashed, or Dotted) to match your chart theme. 🎨
● "Sideways" Labels: Features unique vertical-stacked text labels that stay out of the way of your candles. 📏
● Smart Offset: Use the "Vertical Offset" setting to float the label perfectly above the price action so your charts stay clutter-free. ☁️
● Intraday Optimized: Works seamlessly on all intraday timeframes (1m, 5m, 15m, 1h, 4h) where Sunday opening data is present! ⏳
🛠️ How to use:
Load it onto any Futures contract.
In settings, type your custom text (e.g., W E E K) to get that vertical look.
Adjust the Vertical Offset if the text is touching your candle wicks.
Perfect for identifying weekend gaps and weekly opening ranges! If you find this helpful, please drop a like! 👍🔥 Indicator
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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.
Indicator
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
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