OPEN-SOURCE SCRIPT
Sakalau02 Monthly Weekly Sessions
Sakalau02 Monthly Weekly Sessions is a visual analysis tool designed to automatically identify and highlight the 5 weeks of each calendar month. The indicator tracks price action throughout each week and offers several display modes:
Boxes: Draws rectangular zones covering the weekly High and Low.
Zones: Shades the chart background based on the active week.
Timeline: Adds discrete markers at the bottom of the chart.
Key Features:
Automated Levels: Displays the weekly Open price and the equilibrium line (0.5 Level) for each session.
Full Customization: Allows users to modify colors, line styles, and labels for each individual week.
Integrated Alerts: Notifies you when a new week starts or when the price hits a new weekly High or Low.
Performance Optimization: Includes a lookback setting to limit calculations to a specific number of months, keeping the chart responsive.
By Sakalau02 (Andre)
Boxes: Draws rectangular zones covering the weekly High and Low.
Zones: Shades the chart background based on the active week.
Timeline: Adds discrete markers at the bottom of the chart.
Key Features:
Automated Levels: Displays the weekly Open price and the equilibrium line (0.5 Level) for each session.
Full Customization: Allows users to modify colors, line styles, and labels for each individual week.
Integrated Alerts: Notifies you when a new week starts or when the price hits a new weekly High or Low.
Performance Optimization: Includes a lookback setting to limit calculations to a specific number of months, keeping the chart responsive.
By Sakalau02 (Andre)
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.