Thirty-three settings in seven groups, and the six things they add up to. The names in bold are the names in the indicator’s settings window.
Previous week high and low, up to ten weeks
Weeks to Show draws this week and the completed weeks before it, from 1 to 10, four by default. Set it to 2 and untick Show Current Week and only last week’s high and low remain. The High Lines and Low Lines groups style the finished weeks. Older weeks come from NinjaTrader’s weekly bars; load about five days of chart data per week, 51 for all ten, and each line starts at its own week.
Sunday or Monday: the week your market trades
Week Start Day is Sunday by default, for futures, where the CME Globex week opens on Sunday evening; Monday is the ISO week, for stocks. The levels follow your chart’s trading hours: a 24-hour or ETH template puts the Sunday-evening session in the week’s high and low, an RTH template gives the regular-hours week. On Renko, range and Heikin-Ashi charts the levels come from NinjaTrader’s own weekly bars.
This week, live, in its own style
Show Current Week keeps the forming week on the chart, its high and low moving the moment price makes a new extreme. The Current Week group styles it apart from the finished weeks with its own High Line, Low Line and Mid Line, dashed by default. Show Open Line adds the week’s first traded price as a gold dotted line, with its own Open Line style and Open Label Color.
Midpoints, older weeks faded, line length
The Mid Line group’s Show adds the halfway price between each week’s high and low, off by default. Fade Older Weeks dims older weeks in steps, down to a quarter of full strength, so the recent levels stand out. Line Extension runs a level from its week’s first bar to the right edge, across the whole chart, to the current bar, solid through its week and dashed after, or not at all, leaving the labels.
Labels that name the week and the price
Show Labels writes each level at its price. Show Week gives Curr, Prev, 2W and back, Show Level Name says High, Low, Mid or Open, Show Price adds the price and Show Date the week’s start, such as (Sep 6). Vertical Placement sets the text on, above or below the line, Horizontal Position at the right edge or the week’s first bar; Label Background boxes it.
A confluence flag and a weekly info box
Confluence Detection (ticks) compares every week’s high with the other weeks’ highs, and every low with the lows. Within the distance, 2 ticks by default and up to 10, the label says so, as in Prev High ~2W; zero turns it off. Show Info Box lists each week’s high, low, range as a percent of the low and start date, this week starred, in the corner Info Box Position picks.