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Monday Range (Lines) with Fib Levels

Monday Range with Fibonacci Levels Indicator - Description
This advanced TradingView indicator combines the power of Monday Range analysis with Fibonacci extension levels to help traders identify key weekly support and resistance zones.
Key Features:
Monday Range Detection:
Automatically detects and plots the high and low of each Monday's trading range (configurable for Sunday open markets)
Displays customizable horizontal lines for the weekly opening range
Adjustable lookback period (1-52 weeks)
Fibonacci Extension Levels:
Plots 9 key Fibonacci levels (-1.618, -1.272, -0.618, 0, 0.5, 1, 1.618, 2.272, 2.618) relative to Monday's range
Each Fib level is fully customizable (color, visibility, label)
Negative Fib levels extend below Monday low for potential reversal zones
Customizable Visuals:
Choose between solid, dotted or dashed line styles
Adjustable line thickness and colors
Configurable label text and positioning
Toggle individual elements on/off as needed
How Traders Use It:
Swing Traders: Identify weekly support/resistance levels for trade entries and exits
Breakout Traders: Watch for price reactions at Fibonacci extension levels beyond Monday's range
Mean Reversion Traders: Use negative Fib levels as potential reversal zones
Institutional Flow Analysis: Monitor how price reacts at key weekly levels
Settings Overview:
Market Open Day selection (Sunday/Monday)
Number of historical weeks to display (1-52)
Complete styling control for all lines and labels
Individual toggle controls for each Fibonacci level
Why It's Unique:
This indicator provides a rare combination of institutional weekly range analysis with mathematically precise Fibonacci extensions, giving traders a complete picture of both standard and extended price reaction zones that develop from the weekly opening range.
Perfect for forex, crypto, and index traders who want to incorporate weekly opening range strategies with Fibonacci price projection techniques.
This advanced TradingView indicator combines the power of Monday Range analysis with Fibonacci extension levels to help traders identify key weekly support and resistance zones.
Key Features:
Monday Range Detection:
Automatically detects and plots the high and low of each Monday's trading range (configurable for Sunday open markets)
Displays customizable horizontal lines for the weekly opening range
Adjustable lookback period (1-52 weeks)
Fibonacci Extension Levels:
Plots 9 key Fibonacci levels (-1.618, -1.272, -0.618, 0, 0.5, 1, 1.618, 2.272, 2.618) relative to Monday's range
Each Fib level is fully customizable (color, visibility, label)
Negative Fib levels extend below Monday low for potential reversal zones
Customizable Visuals:
Choose between solid, dotted or dashed line styles
Adjustable line thickness and colors
Configurable label text and positioning
Toggle individual elements on/off as needed
How Traders Use It:
Swing Traders: Identify weekly support/resistance levels for trade entries and exits
Breakout Traders: Watch for price reactions at Fibonacci extension levels beyond Monday's range
Mean Reversion Traders: Use negative Fib levels as potential reversal zones
Institutional Flow Analysis: Monitor how price reacts at key weekly levels
Settings Overview:
Market Open Day selection (Sunday/Monday)
Number of historical weeks to display (1-52)
Complete styling control for all lines and labels
Individual toggle controls for each Fibonacci level
Why It's Unique:
This indicator provides a rare combination of institutional weekly range analysis with mathematically precise Fibonacci extensions, giving traders a complete picture of both standard and extended price reaction zones that develop from the weekly opening range.
Perfect for forex, crypto, and index traders who want to incorporate weekly opening range strategies with Fibonacci price projection techniques.
開源腳本
本著TradingView的真正精神,此腳本的創建者將其開源,以便交易者可以查看和驗證其功能。向作者致敬!雖然您可以免費使用它,但請記住,重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
開源腳本
本著TradingView的真正精神,此腳本的創建者將其開源,以便交易者可以查看和驗證其功能。向作者致敬!雖然您可以免費使用它,但請記住,重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。