OPEN-SOURCE SCRIPT
MAHQuant_IND_WeeklyDailyHL_v1.0
MAHQuant Weekly & Daily High-Low Levels
A professional price action indicator that automatically draws the previous week's and day's High/Low levels, as well as the current week's (Monday-Wednesday) range. It also includes a candle comparison feature to detect potential reversal signals.
🧠 HOW IT WORKS:
Weekly Levels (Previous Week):
• Retrieves the highest and lowest prices from the previous full trading week using request.security("W", ...)
• Draws horizontal lines at those levels
• Includes adjustable percentage offsets to create buffer zones
• Labels display the exact price value
Daily Levels (Previous Day):
• Retrieves the highest and lowest prices from the previous trading day using request.security("D", ...)
• Draws horizontal lines at those levels
• Includes adjustable percentage offsets
• Labels display the exact price value
Current Week Levels (Monday - Wednesday):
• Tracks the high and low from Monday, Tuesday, and Wednesday separately
• After Wednesday close, calculates the highest high and lowest low among these 3 days
• Draws a single range line for the entire current week
• Extends to the right for forward-looking reference
Candle Comparison Logic:
• Compares the current candle's wick size to the previous candle's wick size
• Identifies when the current candle is opposite in direction (e.g., red after green)
• Highlights when the current candle's wick is larger than the previous candle's wick
• This helps spot potential rejection or reversal patterns
Bar Coloring Logic:
• Green: Bullish candle with large body and high volume
• Light Green: Bullish candle with small body or low volume
• Red: Bearish candle with large body and high volume
• Orange: Bearish candle with small body or low volume
⚙️ HOW TO USE:
1. Set your broker's timezone in the "Timezone" input
2. Toggle Weekly/Daily/Current Week levels on/off
3. Adjust the offset percentages to create buffer zones
4. Enable "Candle Comparison" to spot rejection signals
⚠️ DISCLAIMER:
This script is for educational purposes only. Not financial advice. Past performance does not guarantee future results.
📌 VERSION: 1.0 | DEVELOPER: MAHQuant | UPDATED: August 2026
🙏 Special thanks to Mr. Amirreza Arya for his valuable educational insights that inspired this tool.
A professional price action indicator that automatically draws the previous week's and day's High/Low levels, as well as the current week's (Monday-Wednesday) range. It also includes a candle comparison feature to detect potential reversal signals.
🧠 HOW IT WORKS:
Weekly Levels (Previous Week):
• Retrieves the highest and lowest prices from the previous full trading week using request.security("W", ...)
• Draws horizontal lines at those levels
• Includes adjustable percentage offsets to create buffer zones
• Labels display the exact price value
Daily Levels (Previous Day):
• Retrieves the highest and lowest prices from the previous trading day using request.security("D", ...)
• Draws horizontal lines at those levels
• Includes adjustable percentage offsets
• Labels display the exact price value
Current Week Levels (Monday - Wednesday):
• Tracks the high and low from Monday, Tuesday, and Wednesday separately
• After Wednesday close, calculates the highest high and lowest low among these 3 days
• Draws a single range line for the entire current week
• Extends to the right for forward-looking reference
Candle Comparison Logic:
• Compares the current candle's wick size to the previous candle's wick size
• Identifies when the current candle is opposite in direction (e.g., red after green)
• Highlights when the current candle's wick is larger than the previous candle's wick
• This helps spot potential rejection or reversal patterns
Bar Coloring Logic:
• Green: Bullish candle with large body and high volume
• Light Green: Bullish candle with small body or low volume
• Red: Bearish candle with large body and high volume
• Orange: Bearish candle with small body or low volume
⚙️ HOW TO USE:
1. Set your broker's timezone in the "Timezone" input
2. Toggle Weekly/Daily/Current Week levels on/off
3. Adjust the offset percentages to create buffer zones
4. Enable "Candle Comparison" to spot rejection signals
⚠️ DISCLAIMER:
This script is for educational purposes only. Not financial advice. Past performance does not guarantee future results.
📌 VERSION: 1.0 | DEVELOPER: MAHQuant | UPDATED: August 2026
🙏 Special thanks to Mr. Amirreza Arya for his valuable educational insights that inspired this tool.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Telegram: t.me/MAHQuantTradingSystem
TikTok: tiktok.com/@mahquant?_r=1&_t=ZS-99XOUB9EXLw
TikTok: tiktok.com/@mahquant?_r=1&_t=ZS-99XOUB9EXLw
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.