WDR
The Day Traders Compass!
The Weekly Dealing Range indicator identifies high-probability pivot levels based on the first trading session of each week. This tool provides key reference points for both trending and range-bound market conditions. What It Provides
Range High & Low: Weekly session extremes Median Level: Mid-point of the weekly range Weekly Open: First session opening price Standard Deviation Extensions: Calculated levels above the high and below the low
Practical Application These levels serve as:
Reversal zones for mean reversion setups Support/resistance reference points Target levels for existing positions Framework for building trade ideas around high-probability pivot areas
Key Features
Automatically updates each week Clean, uncluttered chart display Suitable for all markets and instruments
Features
- Automatically updates each week
- Clean, uncluttered chart display
- Suitable for all markets and instruments
Reviews
Rugged
The best of the best. These indicators have changed my trading immensely! Everything is so simple and it almost forces you to look in the right places for the best trades possible. For someone like myself who has spent years struggling with my trading, it is a huge help to have everything I need in ...
Excellent indicators, very customizable so I can choose to what extent I want to use them without having to choose all or nothing. Keep it up!
About the creator
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