What it does

Weekly Levels gives traders a clean higher-timeframe map without switching away from the chart they trade. It is useful when you want to know where price sits versus the prior week before leaning too hard on intraday noise.

Who this is for

This page is a good fit for traders who want a readable Weekly Levels workflow without having to reverse-engineer the setup from forum posts or screenshots.

Key terms for this tool

Review the core trading and platform terms tied to this page before changing settings or using the study in a live workspace.

Support and ResistanceSession HighSession LowSession CloseSession Open

What it is not

Weekly Levels is a chart-context tool. It does not place trades, manage risk automatically, or promise that a specific pattern will resolve in one direction. Use it to organize decisions, not to outsource them.

Chart examples

This chart capture shows the study on a real NinjaTrader workspace. Use it as visual reference, then confirm behavior on your own instrument, session, and timeframe.

Weekly Levels drawn across a chart to keep prior weekly reference prices visible around current price action.

Weekly reference map on chart

A chart showing Weekly Levels carrying prior-week structure forward into the current session.

Best fit

  • Keeping broader weekly context visible on intraday charts.
  • Comparing trend continuation against prior-week extremes.
  • Watching how price reacts around the current week's open.

Before using it live

  • Import the NinjaTrader 8 ZIP through NinjaTrader's normal import flow.
  • Apply it to an intraday chart if you want higher-timeframe context on lower timeframes.
  • Confirm your chart's timezone and session template before relying on the lines.
  • Review how the tool behaves on your actual session template, chart type, and instrument.

Settings to review

Prior week high

Shows the prior week's high.

Prior week low

Shows the prior week's low.

Current week open

Shows the current week's opening price.

Installation notes

  1. Import the NinjaTrader 8 ZIP through NinjaTrader's normal import flow.
  2. Apply it to an intraday chart if you want higher-timeframe context on lower timeframes.
  3. Confirm your chart's timezone and session template before relying on the lines.

Downloads

FreeIndicators Weekly Levels for NinjaTrader 8 NinjaTrader 8
Download

Source code

These source examples are provided for copy/paste workflows on other charting platforms. Review and test any script in a simulator before using it on a live chart.

TradeStation EasyLanguage MultiCharts PowerLanguage MetaTrader 4 MetaTrader 5 TradingView Pine Script
TradeStation EasyLanguage / MultiCharts PowerLanguage WeeklyLevels.eld.txt 
{
  Weekly Levels
  FreeIndicators.com source example.
  Works as a starting point for TradeStation EasyLanguage and MultiCharts PowerLanguage.
}

Vars: PriorWeekHigh(0), PriorWeekLow(0), PriorWeekClose(0), CurrentWeekOpen(0);

If DayOfWeek(Date) < DayOfWeek(Date[1]) Then Begin
  PriorWeekHigh = Highest(High, 5);
  PriorWeekLow = Lowest(Low, 5);
  PriorWeekClose = Close[1];
  CurrentWeekOpen = Open;
End;

Plot1(PriorWeekHigh, "PWH");
Plot2(PriorWeekLow, "PWL");
Plot3(PriorWeekClose, "PWC");
Plot4(CurrentWeekOpen, "PWO");
MetaTrader 4 MQL4 WeeklyLevels.mq4 
// Weekly Levels
// FreeIndicators.com source example for MetaTrader 4.
#property indicator_chart_window
#property indicator_buffers 3
#property indicator_color1 DodgerBlue
#property indicator_color2 Crimson
#property indicator_color3 SeaGreen

double Buffer1[];
double Buffer2[];
double Buffer3[];

int init() {
   SetIndexBuffer(0, Buffer1);
   SetIndexBuffer(1, Buffer2);
   SetIndexBuffer(2, Buffer3);
   return(0);
}

int start() {
   int counted = IndicatorCounted();
   int limit = Bars - counted - 1;
   for(int i = limit; i >= 0; i--) {
      int shift = iBarShift(Symbol(), PERIOD_W1, Time[i], true) + 1;
      Buffer1[i] = iHigh(Symbol(), PERIOD_W1, shift);
      Buffer2[i] = iLow(Symbol(), PERIOD_W1, shift);
      Buffer3[i] = iClose(Symbol(), PERIOD_W1, shift);
   }
   return(0);
}
MetaTrader 5 MQL5 WeeklyLevels.mq5 
// Weekly Levels
// FreeIndicators.com source example for MetaTrader 5.
#property indicator_chart_window
#property indicator_buffers 3
#property indicator_plots 3

double Buffer1[];
double Buffer2[];
double Buffer3[];

int OnInit() {
   SetIndexBuffer(0, Buffer1, INDICATOR_DATA);
   SetIndexBuffer(1, Buffer2, INDICATOR_DATA);
   SetIndexBuffer(2, Buffer3, INDICATOR_DATA);
   return(INIT_SUCCEEDED);
}

int OnCalculate(const int rates_total,
                const int prev_calculated,
                const datetime &time[],
                const double &open[],
                const double &high[],
                const double &low[],
                const double &close[],
                const long &tick_volume[],
                const long &volume[],
                const int &spread[]) {
   int start = prev_calculated > 1 ? prev_calculated - 1 : 1;
   for(int i = start; i < rates_total; i++) {
      int shift = iBarShift(_Symbol, PERIOD_W1, time[i], true) + 1;
      Buffer1[i] = iHigh(_Symbol, PERIOD_W1, shift);
      Buffer2[i] = iLow(_Symbol, PERIOD_W1, shift);
      Buffer3[i] = iClose(_Symbol, PERIOD_W1, shift);
   }
   return(rates_total);
}
TradingView Pine Script v5 WeeklyLevels.pine 
//@version=5
indicator("Weekly Levels", overlay=true)

pwh = request.security(syminfo.tickerid, "W", high[1])
pwl = request.security(syminfo.tickerid, "W", low[1])
pwc = request.security(syminfo.tickerid, "W", close[1])
plot(pwh, "Prior week high", color=color.green)
plot(pwl, "Prior week low", color=color.red)
plot(pwc, "Prior week close", color=color.blue)

After the download

Keep the next step tied to this exact tool

Install it cleanly, subscribe for future updates if this workflow matters, or move straight into a structured request if the tool needs another platform or a custom version.

Limitations

  • Weekly references are broad and can feel distant on very fast charts.
  • Session definitions still affect what gets treated as a new week.
  • The lines are context, not complete trade plans.

Frequently asked questions

Does it repaint?

This tool can revise its most recent labels or levels until enough bars have formed to confirm the swing or range it is using. Older confirmed values should be more stable than the most recent developing ones.

Which platforms are covered?

NinjaTrader 8, TradeStation EasyLanguage, MultiCharts PowerLanguage, MetaTrader 4, MetaTrader 5, TradingView Pine Script are currently represented through downloads or source pages.

Is source code included?

Yes. This page includes source examples or links to platform-specific source pages where applicable.