CurrentWeekOHLMV Indicator
Track live weekly session data in real-time to classify unfolding market structure and gain an objective edge on weekly price action.
Shown on TradingView
Why It Matters
Weekly structure is crucial for understanding intermediate-term market trends and mean reversion dynamics. This indicator tracks the live week-to-date Open, High, Low, Close, Median, Midpoint zones, and an anchored Weekly VWAP from the first trade of the session. It delivers objective weekly location to classify unfolding structure—trend, balance, expansion, or mean reversion—in real time, providing valuable context for swing and position traders.
Key Features
- Live Week-To-Date (WTD) Open, High, Low, and Median price.
- Weekly Median and Upper/Lower Midpoint reaction zones.
- Anchored Weekly VWAP
- Optional zone shading for enhanced visual interpretation.
- Fully customizable labels, colors, and line styles.
Practical Use Cases
Weekly Opening: Observe price action relative to the Weekly Open to gauge initial sentiment. Acceptance above/below often sets the tone for the week.
Midpoints: Key reaction points for weekly swings. A strong rejection or acceptance at these levels can signal continuation or reversal within the weekly range.
Weekly Median: The center of gravity for the week. Price often gravitates towards or rotates around the median, indicating balance or preparation for expansion.
Structural Analysis: Use the live OHLMV to understand if the week is trending, consolidating, or exhibiting mean reversion behavior, informing your trade bias.
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