ACD Weekly

🔷 ACD Weekly — Discover Weekly Ranges with Market Precision 🔷

Understanding where key levels lie at the beginning of the week can unlock powerful insights into market structure, breakout potential, and directional conviction.

The ACD Weekly indicator is designed to help you identify these levels with clarity and consistency.

🚀 What It Does
The ACD Weekly plots dynamic levels based on Monday’s price action and weekly volatility. These levels are useful for:

• Identifying potential breakout and breakdown zones
  
  
• Understanding market range expansions
  
  
• Creating clean, repeatable weekly trade setups
  

Without diving into the formula, this tool uses the weekly opening range and historical volatility to highlight zones where institutional accumulation, distribution, or trending moves are more likely to initiate.

📌 How to Use It
Apply the script to any chart and timeframe – best viewed on intraday timeframes.

Observe the green and red lines that appear every Monday — they mark the reference high/low for the week.

The yellow zones extending above and below act as targets and thresholds — price movement into or beyond these areas can signal trend continuation or potential reversal zones.

Use it in combination with your own system — price action, volume, or momentum tools — to confirm entries/exits.

🧠 Who Is It For?
Intraday and swing traders who want clarity at the start of the week

Traders who use breakout or range strategies

Those who want structure without clutter

⚙️ Features
Customizable opening range multiplier

Choose your higher timeframe (daily/weekly)

Optional real-time or historical plotting with Lookahead mode

Add this to your chart and let the structure guide your setups throughout the week.
Happy trading! 📈

Disclaimer:
This is an educational idea, past performance does not guarantee future success.
All outputs will be your own responsibility.

Regards!