Char1zard

12 Weeks of Weekly Levels

A very simple indicator, which basically looks back on the past 12 weeks at 8PM EST and finds the highs and the lows. Once it finds those levels, it draws them as horizontal rays on the chart. The lows are drawn in green (to indicate previous buy zones) and the highs in red (to indicate previous sell zones). No user inputs are required

Nothing fancy, just weekly levels for the past quarter. You can easily draw these on a chart yourself, but it becomes very time consuming if you are watching a bunch of instruments and then Sundays come around.

Special shoutout to rumpypumpydumpy on StackOverflow for helping me work out the kinks, this is the first indicator I ever created. Hope it helps you find confluence in your decision making
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?