Weekly Dealing Range Indicator

Your Essential Tool for Identifying High-Probability Weekly Pivot Levels. Available in two powerful editions: **Fib Edition** (using Fibonacci Extensions) and **Standard Edition** (using Standard Deviations).

Weekly Dealing Range Pro indicator on TradingView showing key weekly levels and zones

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Shown on TradingView

What it Does

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, giving you a clear framework for your weekly analysis.

Choose between the **Fib Edition** for Fibonacci-based extensions or the **Standard Edition** for Standard Deviation-based projections to best suit your analytical preference.

Key Features (Standard Edition)

Range High & Low: Weekly session extremes
Median Level: Mid-point of the weekly range
Weekly Open: First session opening price
Standard Deviations: Calculated levels projected above the high and below the low (61.8% to 1109%)
Golden Zone: Highlighted area between the 200% and 250% standard deviation levels, a high-probability reversal zone

Key Features (Fib Edition)

Range High & Low: Weekly session extremes
Median Level: Mid-point of the weekly range
Weekly Open: First session opening price
Fibonacci Extensions: Calculated levels projected above the high and below the low (61.8% to 1109%)
Golden Zone: Highlighted area between the 200% and 261.8% Fibonacci extensions, a high-probability reversal zone

How to Use This Indicator

These levels serve as critical reference points for your trading week. Use them to identify potential reversal zones for mean reversion setups, or as support/resistance levels in a trending market. They can also act as target levels for existing positions.

The core idea is to build trade ideas around these high-probability pivot areas. Both the Fibonacci-based and Standard Deviation-based projection zones are especially powerful for identifying potential exhaustion points in extended moves, depending on the edition you choose.

Auto-Updating

Automatically updates each week, no manual adjustments needed.

Clean Display

Uncluttered chart display to keep your focus on price action.

Universal

Optimized to work on 1 hour charts and below, works on all markets and all instruments.

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Important Notes

This is a tool for analysis, not a trading system. The indicator helps identify potential pivot areas where price action may develop - it requires your own analysis and risk management for actual trading decisions. The Weekly Dealing Range works best when combined with your existing trading methodology and proper position sizing.

Use this indicator as part of a comprehensive trading approach. Past performance does not guarantee future results.