OPEN-SOURCE SCRIPT
מעודכן Monday High & Low - Pro
Welcome to the Monday Range & Liquidity Sweeps indicator, a powerful and clean tool designed specifically for Range Traders and Smart Money Concepts (SMC) enthusiasts.
📊 The Core Concept:
According to market data and price action algorithms, the first day of the trading week sets the tone.
Monday High acts as a major Resistance and a pool of Buy-Side Liquidity (BSL).
Monday Low acts as a strong Support and a pool of Sell-Side Liquidity (SSL).
💡 How to Trade with this Indicator:
This indicator automatically plots the Monday High and Low from the exact candles they were formed, extending cleanly to the right. You can use these levels to trade high-probability liquidity sweeps:
🐻 Bearish Setup (Short): Wait for the market to sweep the Monday High (grabbing liquidity). If the price fails to hold above and closes back inside the Monday range, it indicates a false breakout. You can enter a short position targeting the opposite liquidity pool: the Monday Low.
🐂 Bullish Setup (Long): Wait for the market to sweep the Monday Low. If the price rejects and closes back inside the Monday range, the bearish momentum is likely trapped. You can enter a long position targeting the opposite liquidity pool: the Monday High.
⚙️ Key Features (Pro Customization):
Custom Timezone (UTC Offset): Manually input your UTC offset in the settings to align the Monday range perfectly with your trading session (e.g., New York, London, or Local Time).
Clean Visuals: Adjust line thickness, color, transparency, and style (Solid, Dotted, Dashed) so it blends perfectly with your chart theme.
Minimalist Design: Only draws what you need. Labels and lines automatically extend without cluttering your historical price action.
Drop a like and leave a comment if this helps your trading week. Trade safe and always manage your risk!
📊 The Core Concept:
According to market data and price action algorithms, the first day of the trading week sets the tone.
Monday High acts as a major Resistance and a pool of Buy-Side Liquidity (BSL).
Monday Low acts as a strong Support and a pool of Sell-Side Liquidity (SSL).
💡 How to Trade with this Indicator:
This indicator automatically plots the Monday High and Low from the exact candles they were formed, extending cleanly to the right. You can use these levels to trade high-probability liquidity sweeps:
🐻 Bearish Setup (Short): Wait for the market to sweep the Monday High (grabbing liquidity). If the price fails to hold above and closes back inside the Monday range, it indicates a false breakout. You can enter a short position targeting the opposite liquidity pool: the Monday Low.
🐂 Bullish Setup (Long): Wait for the market to sweep the Monday Low. If the price rejects and closes back inside the Monday range, the bearish momentum is likely trapped. You can enter a long position targeting the opposite liquidity pool: the Monday High.
⚙️ Key Features (Pro Customization):
Custom Timezone (UTC Offset): Manually input your UTC offset in the settings to align the Monday range perfectly with your trading session (e.g., New York, London, or Local Time).
Clean Visuals: Adjust line thickness, color, transparency, and style (Solid, Dotted, Dashed) so it blends perfectly with your chart theme.
Minimalist Design: Only draws what you need. Labels and lines automatically extend without cluttering your historical price action.
Drop a like and leave a comment if this helps your trading week. Trade safe and always manage your risk!
הערות שחרור
Added New Features: Label Positioning (Left/Center/Right) and Chart History Limit (Show data up to 6 months) to keep the chart clean and improve performance.הערות שחרור
Pro Customization & Chart Optimization 🚀We have completely upgraded this indicator based on community feedback to give you the ultimate clean chart experience! Here is what's new in this version:
🏷️ Dynamic Label Positioning: You can now move the "Monday High" and "Monday Low" text labels to the Left, Center, or Right of the lines. (Center floating labels look incredibly clean!).
🧹 Smart History Limits: Tired of messy charts? You can now limit the historical data. Choose to display lines only for the last 2 Weeks, 1 Month, 3 Months, or 6 Months. This keeps your current price action clear and speeds up chart loading.
📅 Custom Date Range (Backtesting Mode): Added a built-in Calendar UI! Select "Custom Range" in the settings to pick exact Start and End dates. The indicator will now only draw levels for your specific backtesting period.
⚡ Performance Boost: Optimized the Pine Script logic and increased the drawing limits so the indicator runs flawlessly on all timeframes without any errors.
Simply refresh your chart or open the indicator settings (⚙️) to enjoy these new features. Trade safe!
הערות שחרור
"Current Week" Mode Added! 📅⚡Based on trader feedback, we have introduced a new highly requested feature to keep your charts as minimalistic as possible.
🆕 "Current Week" Filter: Set as the new default! The indicator will now only display the Monday High & Low for the current active week. All previous weeks' data is automatically hidden to prevent chart clutter.
⚙️ Full Control: If you are backtesting, you can still easily switch the History setting back to 2 Weeks, 1 Month, or even use the Custom Date Range Calendar.
🚀 Better performance and ultra-clean visual experience for active day traders.
Refresh your charts to see the update in action!
סקריפט קוד פתוח
ברוח האמיתית של TradingView, יוצר הסקריפט הזה הפך אותו לקוד פתוח, כך שסוחרים יוכלו לעיין בו ולאמת את פעולתו. כל הכבוד למחבר! אמנם ניתן להשתמש בו בחינם, אך זכור כי פרסום חוזר של הקוד כפוף ל־כללי הבית שלנו.
You Can Join Us at Telegram @TWDMarkets
Admin: @TWDSupport
PA: @TWDSupport
Admin: @TWDSupport
PA: @TWDSupport
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
סקריפט קוד פתוח
ברוח האמיתית של TradingView, יוצר הסקריפט הזה הפך אותו לקוד פתוח, כך שסוחרים יוכלו לעיין בו ולאמת את פעולתו. כל הכבוד למחבר! אמנם ניתן להשתמש בו בחינם, אך זכור כי פרסום חוזר של הקוד כפוף ל־כללי הבית שלנו.
You Can Join Us at Telegram @TWDMarkets
Admin: @TWDSupport
PA: @TWDSupport
Admin: @TWDSupport
PA: @TWDSupport
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.