PROTECTED SOURCE SCRIPT
Weekly Range Bias Panel — Ace v1.6 (1st Target)
Perfect, we’ll keep the script exactly as it is and just make the “user manual” super simple.
---
## 1. What this script does (one sentence)
It tells you **what kind of week we just had** (TIGHT / NORMAL / WIDE),
marks **Last Week’s High/Low + CE**,
and gives you a **simple first target idea** for this week.
---
## 2. What each panel row means
### Row 0 – Title
`WEEKLY RANGE BIAS`
> Just the header.
---
### Row 1 – “Last Week: TIGHT / NORMAL / WIDE”
It compares **last week’s range** to the **average range of the last X weeks**.
* **TIGHT**
* Last week’s range was **smaller than usual**.
* Market is “coiled”.
* Expect **expansion** – a raid of LWH or LWL is more likely.
* **WIDE**
* Last week’s range was **bigger than usual**.
* Market already “spent a lot of energy”.
* Expect **cooling / consolidation / controlled continuation**.
* **NORMAL**
* Range was about average.
* Nothing special – treat it as a standard week.
---
### Row 2 – Hunt/Build + “1st tgt”
Example text:
`HUNT (expect a raid of LWH/LWL) | 1st tgt: LWH first`
* **HUNT** (when TIGHT)
* Look for **a raid of one side of the weekly range**.
* Script tells you which side is more likely **first**:
* `1st tgt: LWH first` → bias towards **taking out last week’s high** first.
* `1st tgt: LWL first` → bias towards **taking out last week’s low** first.
* **BUILD/COOL** (when WIDE)
* Last week was huge.
* `1st tgt: CE / mean reversion` → expect price to **respect or return to CE** more, instead of running to new extremes right away.
* **NEUTRAL** (when NORMAL)
* No special edge from range size.
* Use levels mainly as **reference / targets**, not as a strong bias.
---
### Row 3 – Range numbers
Example:
`LW Range: 480.00 | Avg(6): 520.00`
* **LW Range** = last week’s high – low (in points).
* **Avg(6)** = average range of the **last 6 weeks** (you set this with `lookback`).
You don’t need to overthink this. It’s just to **see the size** quickly.
---
### Row 4 – Price vs Weekly CE
Example:
`Above Weekly CE (premium of last week)`
* **Above Weekly CE**
* Price is trading in **premium** vs last week’s middle.
* For shorts, you want **sweeps / setups above CE**.
* **Below Weekly CE**
* Price is in **discount** vs last week’s middle.
* For longs, you want **sweeps / setups below CE**.
* **At Weekly CE**
* Market is sitting near the middle of last week’s range = **no big edge** from location alone.
---
### Row 5 – Exact levels
Example:
`LWH: 25850.00 | LWL: 25200.00 | CE: 25525.00`
* Exact prices for:
* **LWH** – Last Week’s High
* **LWL** – Last Week’s Low
* **CE** – middle of that range
You can use these as **targets, alerts, and liquidity pools.**
---
## 3. The lines on the chart
If `Plot LWH / LWL / Weekly CE` is ON:
* **Grey line** at **LWH**
* **Grey line** at **LWL**
* **Brown line** at **Weekly CE**
They extend to the right, so **this whole week** you see:
* Where last week’s extremes are.
* Where last week’s mid (CE) is.
You can use them on **any timeframe** (Daily, 1H, 15M, 5M, etc).
They are always based on **weekly data**.
---
## 4. Simple trading use-case (your style)
### Step 1 – Weekly bias (Sunday night / Monday)
Look at **Row 1–2**:
* **If TIGHT + HUNT + “1st tgt: LWH first”**
* Expect **weekly expansion up**.
* Intraday you’ll watch for **longs** that aim for **LWH** as first big target.
* **If TIGHT + “1st tgt: LWL first”**
* Same idea but **down** → look for shorts towards **LWL**.
* **If WIDE + “1st tgt: CE / mean reversion”**
* Favor **mean reversion** plays:
* If above CE → bias to **shorts back to CE** (with proper intraday confirmation).
* If below CE → bias to **longs back to CE**.
* **If NORMAL**
* No special push from weekly range.
* Use LWH/LWL as **big liquidity targets**, but let your Purge/MMXM model be the main driver.
---
### Step 2 – Intraday execution (Purge / MMXM)
Use the weekly info as **context**, not a signal:
* Treat **LWH/LWL** as **big liquidity pools**.
* Treat **Weekly CE** as **mean point / magnet**.
Example combo:
1. Script says:
* `Last Week: TIGHT`
* `HUNT (expect a raid) | 1st tgt: LWH first`
2. Price is **below CE**, building a base.
3. In your killzone, you see:
* **Sweep of intraday low**,
* **Shift in structure up**,
* Return to a 15M/5M OB/FVG.
→ You now have **HTF reason to believe upside expansion is likely**,
and your **intraday trigger** tells you where to enter.
---
## 5. Alerts (optional, but powerful)
The script already has:
* `Weekly Range = TIGHT` → tells you a **coil week** just closed.
* `Weekly Range = WIDE` → tells you a **big expansion week** just closed.
* `Raid LWH` → price traded above last week’s high.
* `Raid LWL` → price traded below last week’s low.
You can set these as **heads up alerts** on Sunday / Monday so you don’t miss the context shift.
---
If you want, next step we can add a **tiny “GO / WAIT / NO-GO” line** to the panel based on:
* TIGHT vs WIDE
* your position vs CE
* and whether LWH/LWL has already been raided this week.
---
## 1. What this script does (one sentence)
It tells you **what kind of week we just had** (TIGHT / NORMAL / WIDE),
marks **Last Week’s High/Low + CE**,
and gives you a **simple first target idea** for this week.
---
## 2. What each panel row means
### Row 0 – Title
`WEEKLY RANGE BIAS`
> Just the header.
---
### Row 1 – “Last Week: TIGHT / NORMAL / WIDE”
It compares **last week’s range** to the **average range of the last X weeks**.
* **TIGHT**
* Last week’s range was **smaller than usual**.
* Market is “coiled”.
* Expect **expansion** – a raid of LWH or LWL is more likely.
* **WIDE**
* Last week’s range was **bigger than usual**.
* Market already “spent a lot of energy”.
* Expect **cooling / consolidation / controlled continuation**.
* **NORMAL**
* Range was about average.
* Nothing special – treat it as a standard week.
---
### Row 2 – Hunt/Build + “1st tgt”
Example text:
`HUNT (expect a raid of LWH/LWL) | 1st tgt: LWH first`
* **HUNT** (when TIGHT)
* Look for **a raid of one side of the weekly range**.
* Script tells you which side is more likely **first**:
* `1st tgt: LWH first` → bias towards **taking out last week’s high** first.
* `1st tgt: LWL first` → bias towards **taking out last week’s low** first.
* **BUILD/COOL** (when WIDE)
* Last week was huge.
* `1st tgt: CE / mean reversion` → expect price to **respect or return to CE** more, instead of running to new extremes right away.
* **NEUTRAL** (when NORMAL)
* No special edge from range size.
* Use levels mainly as **reference / targets**, not as a strong bias.
---
### Row 3 – Range numbers
Example:
`LW Range: 480.00 | Avg(6): 520.00`
* **LW Range** = last week’s high – low (in points).
* **Avg(6)** = average range of the **last 6 weeks** (you set this with `lookback`).
You don’t need to overthink this. It’s just to **see the size** quickly.
---
### Row 4 – Price vs Weekly CE
Example:
`Above Weekly CE (premium of last week)`
* **Above Weekly CE**
* Price is trading in **premium** vs last week’s middle.
* For shorts, you want **sweeps / setups above CE**.
* **Below Weekly CE**
* Price is in **discount** vs last week’s middle.
* For longs, you want **sweeps / setups below CE**.
* **At Weekly CE**
* Market is sitting near the middle of last week’s range = **no big edge** from location alone.
---
### Row 5 – Exact levels
Example:
`LWH: 25850.00 | LWL: 25200.00 | CE: 25525.00`
* Exact prices for:
* **LWH** – Last Week’s High
* **LWL** – Last Week’s Low
* **CE** – middle of that range
You can use these as **targets, alerts, and liquidity pools.**
---
## 3. The lines on the chart
If `Plot LWH / LWL / Weekly CE` is ON:
* **Grey line** at **LWH**
* **Grey line** at **LWL**
* **Brown line** at **Weekly CE**
They extend to the right, so **this whole week** you see:
* Where last week’s extremes are.
* Where last week’s mid (CE) is.
You can use them on **any timeframe** (Daily, 1H, 15M, 5M, etc).
They are always based on **weekly data**.
---
## 4. Simple trading use-case (your style)
### Step 1 – Weekly bias (Sunday night / Monday)
Look at **Row 1–2**:
* **If TIGHT + HUNT + “1st tgt: LWH first”**
* Expect **weekly expansion up**.
* Intraday you’ll watch for **longs** that aim for **LWH** as first big target.
* **If TIGHT + “1st tgt: LWL first”**
* Same idea but **down** → look for shorts towards **LWL**.
* **If WIDE + “1st tgt: CE / mean reversion”**
* Favor **mean reversion** plays:
* If above CE → bias to **shorts back to CE** (with proper intraday confirmation).
* If below CE → bias to **longs back to CE**.
* **If NORMAL**
* No special push from weekly range.
* Use LWH/LWL as **big liquidity targets**, but let your Purge/MMXM model be the main driver.
---
### Step 2 – Intraday execution (Purge / MMXM)
Use the weekly info as **context**, not a signal:
* Treat **LWH/LWL** as **big liquidity pools**.
* Treat **Weekly CE** as **mean point / magnet**.
Example combo:
1. Script says:
* `Last Week: TIGHT`
* `HUNT (expect a raid) | 1st tgt: LWH first`
2. Price is **below CE**, building a base.
3. In your killzone, you see:
* **Sweep of intraday low**,
* **Shift in structure up**,
* Return to a 15M/5M OB/FVG.
→ You now have **HTF reason to believe upside expansion is likely**,
and your **intraday trigger** tells you where to enter.
---
## 5. Alerts (optional, but powerful)
The script already has:
* `Weekly Range = TIGHT` → tells you a **coil week** just closed.
* `Weekly Range = WIDE` → tells you a **big expansion week** just closed.
* `Raid LWH` → price traded above last week’s high.
* `Raid LWL` → price traded below last week’s low.
You can set these as **heads up alerts** on Sunday / Monday so you don’t miss the context shift.
---
If you want, next step we can add a **tiny “GO / WAIT / NO-GO” line** to the panel based on:
* TIGHT vs WIDE
* your position vs CE
* and whether LWH/LWL has already been raided this week.
סקריפט מוגן
סקריפט זה פורסם כמקור סגור. עם זאת, תוכל להשתמש בו בחופשיות וללא כל מגבלות – למד עוד כאן
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
סקריפט מוגן
סקריפט זה פורסם כמקור סגור. עם זאת, תוכל להשתמש בו בחופשיות וללא כל מגבלות – למד עוד כאן
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.