Mondayrange — Indicatori e strategie

Monday Liquidity Sweep - WolfWeb ⚡ 1. Liquidity Sweep Parameters (Wick-Extreme Logic) These settings determine when the strategy detects a liquidity sweep through Monday’s high/low. liqPct — Liquidity Sweep % of Wick Extreme Default: 0.0002 (0.02%) Minimum size the wick must extend above Monday’s high or below Monday’s low Prevents tiny wiggles from counting as sweeps Example: If the sweep high (after Monday) is 1.20000 → Wick must extend at least 1.20000 × 0.0002 = 0.00024 (2.4 pips) maxWickPct — Max Wick % Allowed Default: 0.0025 (0.25%) If the wick is too big, it’s considered inefficient/noisy and skipped Avoids entering after huge spikes that aren’t real liquidity grabs slPct — SL Offset % of Wick Extreme Default: 0.0002 (0.02%) Stop loss is placed beyond the sweep wick by this percentage Prevents immediate stop-outs from tiny spread/noise beyond the sweep point Short example: SL = wickHighExtreme + (wickHighExtreme × slPct) Long example: SL = wickLowExtreme – (wickLowExtreme × slPct) ⚡ 2. Risk Management Settings riskUsd — Fixed Dollar Risk per Trade Default: $100 Strategy automatically adjusts position size so that max loss = $100 Regardless of SL distance, your dollar risk stays constant rr — Reward/Risk Ratio (used for one TP scenario) Default: 3.5 Minimum R multiple the strategy tries to achieve If Monday range TP is smaller, strategy takes the larger TP tpRangePct — TP % of Monday Range Default: 130% Final TP = max( 3.5R , 130% of Monday range ) Why? Because sometimes Monday range is wide, and 3R is not enough contextually. Examples: Monday range = 50 pips → TP = 65 pips (because 130% > 3.5R? depends on risk) Monday range = 10 pips → TP = whichever is larger (usually 3.5R) This makes the strategy adapt to volatility differences week by week. ⚡ 3. Break-Even System (Two Conditions) You have two independent BE triggers. If either hits, SL moves to a safe level. BE Trigger Condition 1: beRRTrigger — Break-Even Trigger in R Multiples Default: 1.5 When the trade reaches +1.5R profit, we activate break-even logic. BE Trigger Condition 2: beBars — Break-Even After N Candles Default: 24 bars If trade doesn’t hit 1.5R but stays open long enough (24 candles), SL moves to a break-even location. This prevents trades from floating too long and reversing violently. beLockFraction — Lock-In Fraction After BE Default: 0.1 Meaning: Once BE is triggered, SL moves to lock in 10% of the initial risk as profit. Example: Initial risk (entry→SL) = 20 pips Lock fraction 0.1 → lock in 2 pips profit after BE activation. This avoids pure breakeven (0 profit), which often gets wicked out. ⚡ 4. Monday + Time Logic hourShift — Monday Start Shift Default: 7 hours Used to shift Monday start earlier/later depending on broker Many forex brokers start the week late (Sunday evening). This fixes the Monday box to real market structure. Monday Box & Range Strategy tracks Monday High & Low Draws a box ONLY for Monday Sweeps must occur after Monday Entries must be back into the Monday range on next candle ⚡ 5. Session & Close Logic nyOpenHour — New York Session Start Hour Default: 14 (2 PM exchange time) Friday Auto-Close Any open trade is closed on Friday at: NY Open + 2 hours So with NY at 14 → auto-close at 16 (4 PM). This protects from weekend gaps. ⚡ 6. Entry Mode entryMode — “Tuesday Only” or “One Trade Per Week” Tuesday Only → Strategy only enters on Tuesday One Trade Per Week → Can enter any day after Monday, but only once per week

Initial balance - weekly Weekly Initial Balance (IB) — Indicator Description The Weekly Initial Balance (IB) is the price range (High–Low) established during the week’s first trading session (most commonly Monday). You can measure it over the entire day or just the first X hours (e.g. 60 or 120 minutes). Once that session ends, the IB High and IB Low define the key levels where the initial weekly range formed. Why Measure the Weekly IB? Week-Opening Sentiment: Monday’s range often sets the tone for the rest of the week. Trading above the IB High signals bullish control; trading below the IB Low signals bearish control. Key Liquidity Zones: Large institutions tend to place orders around these extremes, so you’ll frequently see tests, breakouts, or rejections at these levels. Support & Resistance: The IB High and IB Low become natural barriers. Price will often return to them, bounce off them, or break through them—ideal spots for entries and exits. Volatility Forecast: The width of the IB (High minus Low) indicates whether to expect a volatile week (wide IB) or a quieter one (narrow IB). Significance of IB Levels Breakout: A clear break above the IB High (for longs) or below the IB Low (for shorts) can ignite a strong trending move. Fade: A rejection off the IB High/Low during low momentum (e.g. low volume or pin-bar formations) offers a high-probability reversal trade. Mid-Point: The 50% level of the IB range often “magnetizes” price back to it, providing entry points for continuation or reversal strategies. Three Core Monday IB Strategies A. Breakout (Open-Range Breakout) Entry: Wait for 1–2 candles (e.g. 5-minute) to close above IB High (long) or below IB Low (short). Stop-Loss: A few pips below IB High (long) or above IB Low (short). Profit-Target: 2–3× your risk (Reward:Risk ≥ 2:1). Best When: You spot a clear impulse—such as a strong pre-open volume spike or news-driven move. B. Fade (Reversal at Extremes) Entry: When price tests IB High but shows weakening momentum (shrinking volume, upper-wick candles), enter short; vice versa for IB Low and longs. Stop-Loss: Just beyond the IB extreme you’re fading. Profit-Target: Back toward the IB mid-point (50% level) or all the way to the opposite IB extreme. Best When: Monday’s action is range-bound and lacks a clear directional trend. C. Mid-Point Trading Entry: When price returns to the 50% level of the IB range. In an up-trend: buy if it bounces off mid-point back toward IB High. In a down-trend: sell if it reverses off mid-point back toward IB Low. Stop-Loss: Just below the nearest swing-low (for longs) or above the nearest swing-high (for shorts). Profit-Target: To the corresponding IB extreme (High or Low). Best When: You see a strong initial move away from the IB, followed by a pullback to the mid-point. Usage Steps Configure your session: Measure IB over your chosen Monday timeframe (whole day or first X hours). Choose your strategy: Align Breakout, Fade, or Mid-Point entries with the current market context (trend vs. range). Manage risk: Keep risk per trade ≤ 1% of account and maintain at least a 2:1 Reward:Risk ratio. Backtest & forward-test: Verify performance over multiple Mondays and in a paper-trading environment before going live.

Monday range by Matboom The "Monday Range" Pine Script indicator calculates and displays the lowest and highest prices during a specified trading session, focusing on Mondays. Users can configure the trading session parameters, such as start and end times and time zone. The indicator visually highlights the session range on the chart by plotting the session low and high prices and applying a background color within the session period. The customizable days of the week checkboxes allow users to choose which days the indicator should consider for analysis. Session Configuration: session = input.session("0000-0000", title="Trading Session") timeZone = input.string("UTC", title="Time Zone") monSession = input.bool(true, title="Mon ", group="Trading Session", inline="d1") tueSession = input.bool(true, title="Tue ", group="Trading Session", inline="d1") Users can configure the trading session start and end times and the time zone. Checkboxes for Monday (monSession) and Tuesday (tueSession) sessions are provided. SessionLow and SessionHigh Functions: SessionLow(sessionTime, sessionTimeZone=syminfo.timezone) => ... SessionHigh(sessionTime, sessionTimeZone=syminfo.timezone) => ... Custom functions to calculate the lowest (SessionLow) and highest (SessionHigh) prices during a specified trading session. InSession Function: InSession(sessionTimes, sessionTimeZone=syminfo.timezone) => ... Determines if the current bar is inside the specified trading session. Days of Week String and Session String: sessionDays = "" if monSession sessionDays += "2" if tueSession sessionDays += "3" tradingSession = session + ":" + sessionDays Constructs a string representing the selected days of the week for the session. Fetch Session Low and High: sessLow = SessionLow(tradingSession, timeZone) sessHigh = SessionHigh(tradingSession, timeZone) Calls the custom functions to obtain the session low and high prices. Plot Session Low and High and Background Color for Session plot(sessLow, color=color.red, title="Session Low") plot(sessHigh, color=color.red, title="Session Low") bgcolor(InSession(tradingSession, timeZone) ? color.new(color.aqua, 90) : na)