Weekly Levels

Weekly Levels: Untouched Weekly Close Sequence Indicator

Elevate your swing trading and position trading with Weekly Levels, a powerful TradingView indicator that pinpoints high-probability weekly support and resistance zones based on untouched close sequences. Designed for traders who operate on higher timeframes, this tool reveals key levels where institutional liquidity often accumulates, leading to strong price reactions such as reversals, breakouts, or significant momentum shifts.

Key Features:

• Advanced Weekly Level Detection: Automatically identifies and plots weekly support and resistance levels derived from historical weekly close prices, prioritizing untouched sequences for optimal accuracy and relevance.
  
• First-Touch Priority: Levels remain visible only until the market makes initial contact, highlighting the most potent reaction zones. Once touched, the level elegantly hides to keep your charts clean and focused on emerging opportunities.
  
• Market Psychology Integration: Built on the principle that first touches typically trigger the strongest responses due to trapped liquidity and order clusters, while subsequent touches diminish impact—ensuring you target high-conviction setups with potential for large moves.
  
• Flexible Customization: Tailor the indicator to your strategy with adjustable colors, line styles, extension options, and alerts for approaching levels, making it seamless for multi-timeframe analysis.
  

Perfect for swing traders, position traders, and anyone seeking confluence across timeframes, Weekly Levels delivers clean, actionable insights without overwhelming your charts. Pair it with its companions—Daily Levels for intraday precision and Monthly Levels for big-picture institutional zones—to build a complete multi-timeframe framework that spots liquidity-driven opportunities across all market cycles.
Ready to trade like the institutions? Add Weekly Levels to your arsenal today and gain a decisive edge in capturing major weekly turning points!