OPEN-SOURCE SCRIPT
Session Candle Levels & Alerts - Weekly Swing
The swing companion to the intraday version: draws the weekly reference
levels swing traders track and alerts on volume-confirmed breaks.
How it works:
- Monday/Wednesday high-low, previous week and previous month high-low,
weekly and monthly opens — each with a configurable lookback of how many
past occurrences stay on the chart.
- Thu-Fri-Mon pattern: when Friday's high stays below Thursday's high, the
setup arms and targets Friday's low the following week (alerted).
- Breaks can require volume above a configurable multiple of average volume
before they count ("volume-confirmed").
- Optional COT panel (CFTC Commitment of Traders via TradingView's COT
library): managed-money and retail net positioning with weekly change,
auto-mapped from the chart symbol.
What makes it original: the COT layer goes beyond plotting net positions — it
percentile-ranks managed money against ~2 years of history and flips it
contrarian at extremes (crowded trades), and it maps DAX/FTSE to EUR/GBP COT
data with an inverted score, since there is no direct COT series for those
indices.
How to use it: on a daily or 4h chart, watch how price behaves at the
Monday/Wednesday and previous week/month extremes — a volume-confirmed close
beyond a level signals continuation, a rejection signals range rotation. The
Thu-Fri-Mon pattern arms automatically at the Monday open and alerts when
Friday's low is hit. Use the COT background/table as a weekly positioning
filter for swing direction, not as an entry trigger.
levels swing traders track and alerts on volume-confirmed breaks.
How it works:
- Monday/Wednesday high-low, previous week and previous month high-low,
weekly and monthly opens — each with a configurable lookback of how many
past occurrences stay on the chart.
- Thu-Fri-Mon pattern: when Friday's high stays below Thursday's high, the
setup arms and targets Friday's low the following week (alerted).
- Breaks can require volume above a configurable multiple of average volume
before they count ("volume-confirmed").
- Optional COT panel (CFTC Commitment of Traders via TradingView's COT
library): managed-money and retail net positioning with weekly change,
auto-mapped from the chart symbol.
What makes it original: the COT layer goes beyond plotting net positions — it
percentile-ranks managed money against ~2 years of history and flips it
contrarian at extremes (crowded trades), and it maps DAX/FTSE to EUR/GBP COT
data with an inverted score, since there is no direct COT series for those
indices.
How to use it: on a daily or 4h chart, watch how price behaves at the
Monday/Wednesday and previous week/month extremes — a volume-confirmed close
beyond a level signals continuation, a rejection signals range rotation. The
Thu-Fri-Mon pattern arms automatically at the Monday open and alerts when
Friday's low is hit. Use the COT background/table as a weekly positioning
filter for swing direction, not as an entry trigger.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.