OPEN-SOURCE SCRIPT

12 Weeks View [by Roman]

201
A clean market structure indicator designed for traders who focus on liquidity, key levels, and higher-timeframe context.

Features
  • Weekly Start Markers
  • Draws vertical lines at the beginning of each week.
  • Displays only the most recent 12 weeks to keep the chart clean.
  • Weekly line color is fully customizable.
  • 12-Week Extreme Levels
  • Calculates the highest high from the previous 12 completed weeks.
  • Calculates the lowest low from the previous 12 completed weeks.
  • Displays a single horizontal level for each extreme.
  • High and Low line colors can be customized independently.


Why Use It?
The highest and lowest points of the last 12 weeks often act as significant liquidity pools and major support/resistance levels. These areas are frequently referenced by:
  • Smart Money Concept (SMC) traders
  • ICT traders
  • Swing traders
  • Position traders
  • Market structure analysts


The weekly separators provide clear temporal context, helping traders identify:
  • Weekly range development
  • Liquidity sweeps
  • Breakouts from multi-week consolidation
  • Reactions at major higher-timeframe levels
  • Settings
  • Weekly Start Line Color


Controls the color of the weekly separator lines.

Best Used For
  • Cryptocurrency markets
  • Forex markets
  • Indices
  • Stocks
  • Multi-timeframe analysis


This indicator is intentionally minimalistic, providing only the most relevant weekly structure information without cluttering the chart.

免责声明

这些信息和出版物并非旨在提供,也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。