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Weekly & Daily Key Levels

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Weekly & Daily Key Levels Indicator
This is a multi-timeframe support and resistance indicator that displays critical weekly and daily price levels for A+ -grade trading decisions.
What It Does:

Weekly Levels:

Current Weekly Open (purple) - Key pivot for the week
Previous Weekly High/Low (green/red) - Major support/resistance zones
Previous Weekly Close (gray) - Institutional reference point
Mid-Week Level (orange) - 50% retracement level between weekly high/low
Gap Zones - Visual highlighting of weekly gaps with fill tracking

Daily Levels:

Previous Day Open, High, Low, Close - Essential intraday reference points
Previous Day VWAP (Volume Weighted Average Price) - Institution money flow level

Key Features:
Support/Resistance Zones:

Adjustable zone width around weekly high/low
Color-coded fills (green resistance, red support)
Helps identify optimal entry/exit ranges vs precise lines

Gap Analysis:

Automatic weekly gap detection
Visual gap fill zones (lime = gap up, orange = gap down)
Gap fill tracking and alerts

Real-Time Analysis Table:

Current price position vs all weekly levels
Current price position vs all daily levels
Trading bias indicators (BULLISH/BEARISH/NEUTRAL)
Gap status monitoring

Smart Alerts:

Weekly high/low breakouts
Daily high/low breakouts
Weekly open and mid-level crosses
Gap fills
VWAP crosses

Best Use Cases:

Swing Trading: Use weekly levels for major support/resistance and trade direction
Day Trading: Combine daily levels with weekly context for high-probability setups
Institutional Trading: VWAP and weekly open are key levels where smart money operates
Gap Trading: Track and trade gap fill scenarios
Multi-Timeframe Analysis: See the "big picture" structure on any timeframe

Settings:

Toggle individual level displays
Adjustable zone widths
Customizable alerts
Clean visual presentation that doesn't clutter charts

Adjustments settings based on your trading style. Works on all instruments and timeframes. I am open to any suggested improvements.

면책사항

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