OPEN-SOURCE SCRIPT
Weekly Box
The indicator shows a box based on the high and low of the previous week that extends into the current week. The box is used to monitor breakouts or break downs of the price with respect to the previous week levels.
The box is colored:
- green, if there is a breakout above the previous week high; or
- red, if there is a break down below the previous week low; or
- yellow, if the price stays inside of the box.
during the current week.
Labels for the box top and bottom prices can be enabled or disabled in the settings.
The box is colored:
- green, if there is a breakout above the previous week high; or
- red, if there is a break down below the previous week low; or
- yellow, if the price stays inside of the box.
during the current week.
Labels for the box top and bottom prices can be enabled or disabled in the settings.
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 publications is governed by House rules. You can favorite it to use it on a chart.
Want to use this script 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.