Weekend Trap

Weekend Trap Indicator
A comprehensive weekend range analysis tool designed to identify and track low-liquidity weekend price movements with advanced market maker detection.
What is the Weekend Trap?
The Weekend Trap refers to price ranges established during low-liquidity weekend periods (Saturday 5:00 AM to Monday 5:00 AM Perth time) when institutional trading is minimal.
Key Features
📊 Weekend Range Detection

Automatically identifies weekend periods based on Perth timezone
Creates visual rectangles showing weekend high/low ranges
Displays 50% midline for key pivot levels
Configurable range cutoff (default: Sunday 3:00 PM)

🎯 Advanced Market Maker Detection

PVSRA-style volume analysis for institutional activity identification
4-color coding system:

🟢 Lime: 200% Bull volume (Peak volume + bullish candle)
🔴 Red: 200% Bear volume (Peak volume + bearish candle)
🔵 Blue: 150% Bull volume (Rising volume + bullish candle)
🟣 Fuchsia: 150% Bear volume (Rising volume + bearish candle)


Weighted volume calculation for better peak detection
Circles positioned above bars for clear visualization

📈 Range Analytics

Clean range labels showing:

Absolute price range
Percentage movement


Historical analysis with configurable lookback period
Current weekend tracking with real-time updates

Settings Overview
Core Settings

Weeks to Backtest (1-52): Number of completed weekends to display
Show Weekend Trap Rectangles: Toggle rectangle visibility
Use Wicks for Rectangle Height: Include wicks vs. body-only ranges
Sunday Range Cutoff Hour: When to stop updating weekend range

Visual Customization

Rectangle colors and borders
Market maker marker sizes (tiny to large)
PVSRA color scheme for different volume levels
Label display options

Market Maker Detection

Automatic PVSRA analysis during weekend periods
150% threshold: Volume ≥ 150% of 10-period average
200% threshold: Volume ≥ 200% of average OR weighted volume peak
Real-time detection with immediate visual feedback

How to Use

Add to your chart (works on any timeframe, recommended: 1H-4H)
Set your preferred lookback period (default: 4 weeks)
Observe weekend ranges and note market maker activity
Monitor volume spikes indicated by colored circles

Analysis Applications
Weekend Range Analysis

Identify price ranges during low-liquidity periods
Track historical weekend price movements
Analyze range size and frequency patterns

Market Maker Detection

Identify institutional accumulation/distribution
Spot manipulation during low-liquidity periods
Analyze volume patterns and anomalies

Historical Pattern Recognition

Weekend range comparison across multiple periods
Multiple timeframe analysis capability
Volume pattern identification

Technical Details

Timezone: Australia/Perth (GMT+8)
Weekend Period: Saturday 5:00 AM → Monday 5:00 AM
Volume Analysis: 10-period moving average baseline
Weighted Volume: Volume × (High - Low) for peak detection
Object Management: Automatic cleanup based on lookback period

Best Practices

Use on liquid markets (major forex pairs, crypto, indices)
Adjust lookback period based on analysis timeframe
Monitor during Asia-Pacific trading hours for best results
Consider fundamental events that may affect weekend gaps

Credits
Volume analysis inspired by PVSRA (Price Volume Spread Range Analysis) methodology for institutional activity detection.

This indicator is designed for educational and analysis purposes.