weekly open
auto-plots the weekly opening price as a horizontal line extending all week as a key support and resistance reference.
information
weekly open|edgeful.com
what it does
this indicator draws a horizontal line at the weekly opening price that extends across the entire week. the weekly open serves as a significant reference level, often acting as support or resistance throughout the trading week.
the simplicity of this indicator makes it easy to combine with other analysis tools. multiple weeks of history can be displayed to identify patterns in how price interacts with weekly open levels.
key features
automatic weekly open level detection
line extends throughout the entire week
historical weekly opens with lookback period
clean, minimal interface
works across all timeframes
explainer chart
weekly open|edgeful.com
