Weekly Range Support & Resistance Levels [QuantVue] — Indicator by QuantVue

pivotpoints supportandresistance supportandresistancezones support weekly weeklyanalysis weeklyrange supportbreakout resistance_level standarddevation

Weekly Range Support & Resistance Levels

Description:

The Weekly Range Support & Resistance Levels analyzes weekly ranges and takes the average range of the last 30 weeks (default setting).

It also takes the average +/- a standard deviation, and creates support & resistance levels/zones based on the weekly opening price.

The levels will update each week, and previous weekly levels can be toggled on or off.

Settings:

🔹Averaging Period
🔹Standard Deviation Multiplier
🔹Toggle Support & Resistance Prices
🔹Show Weekly Open Line
🔹Show Previous Levels

Don't hesitate to reach out with any questions or concerns. We hope you enjoy!

Cheers.

Release Notes:

Updated code for the standard deviations and to see weekly open on previous levels.

Release Notes:

Fixed error for the indicator to show properly on certain indexes.

Get Access to the exclusive QuantVue indicators: www.quantvue.io/

Join thousands of traders in our Free Discord: discord.gg/tC7u7magU3

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?