Moday Range

14 mag

📈 Monday Range Indicator – A Powerful Tool to Kickstart Your Week

The Monday Range Indicator is designed to help traders identify key price levels established during Monday’s trading session. This range often acts as a crucial zone for price reactions throughout the rest of the week.
What does this indicator do?

🔹 Automatically plots the Monday range
The indicator marks the high and low of Monday, optionally including a midline. This zone helps you spot potential breakouts or rejections in the upcoming sessions.

🔹 Clear visual display on your chart
The Monday range is shown with clean lines or a shaded box, making it easy to see where the market set its initial boundaries.

🔹 Set breakout alerts
You can enable alerts to get notified when price:

Breaks above the Monday high (bullish breakout)

Breaks below the Monday low (bearish breakout)

This allows you to stay focused and react faster — even when you’re not watching the chart.
Why is the Monday Range important?

Monday's price action often sets the tone for the rest of the trading week. It’s when institutions place their early positions and liquidity gets tested. By tracking this range, you can better anticipate potential breakouts, fakeouts, or reversals.

15 mag

Note di rilascio

📈 Monday Range Indicator – A Powerful Tool to Kickstart Your Week

The Monday Range Indicator is designed to help traders identify key price levels established during Monday’s trading session. This range often acts as a crucial zone for price reactions throughout the rest of the week.
What does this indicator do?

🔹 Automatically plots the Monday range
The indicator marks the high and low of Monday, optionally including a midline. This zone helps you spot potential breakouts or rejections in the upcoming sessions.

🔹 Clear visual display on your chart
The Monday range is shown with clean lines or a shaded box, making it easy to see where the market set its initial boundaries.

🔹 Set breakout alerts
You can enable alerts to get notified when price:

Breaks above the Monday high (bullish breakout)

Breaks below the Monday low (bearish breakout)

This allows you to stay focused and react faster — even when you’re not watching the chart.
Why is the Monday Range important?

Monday's price action often sets the tone for the rest of the trading week. It’s when institutions place their early positions and liquidity gets tested. By tracking this range, you can better anticipate potential breakouts, fakeouts, or reversals.

What’s new?
🔹 Dotted guide lines added The indicator now includes optional dotted lines at the low, mid, and high levels. These can be extended above and below Monday’s range, providing additional reference points for market movements.
🔹 Customizable distance settings You can configure the distance of these guide lines, tailoring them to fit your strategy. Whether you want to track minor deviations or broader trends, the flexibility ensures you don’t miss key moments.
🔹 Enhanced alert system Set up alerts based on these new levels—get notified when price approaches or crosses your predefined guide lines! This allows for early breakout detection and better risk management, even when you’re not actively monitoring the chart.

15 mag

Note di rilascio

Updated code