Weekly Dealing Range Indicator

Overview The Weekly Dealing Range indicator identifies range + volatility based pivot levels that form at the close of the first trading session and extend for the entire 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