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 abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Telegram: t.me/MAHQuantTradingSystem
TikTok: tiktok.com/@mahquant?_r=1&_t=ZS-99XOUB9EXLw
TikTok: tiktok.com/@mahquant?_r=1&_t=ZS-99XOUB9EXLw
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.