OPEN-SOURCE SCRIPT
Weekly Estimated Move
Weekly Estimated Move (WEM) plots the projected high and low price range for the current week based on a user-input expected move value. Upper and lower bands are drawn from Monday's open and persist through the week, giving a visual framework for where price is statistically expected to trade. Useful for identifying potential support, resistance, and breakout zones around the weekly range. Includes optional labels and customizable line styling.
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.