Monday Range - User Defined Lookback

English Description
Monday Range Expansion & Multi-Week Projections
This indicator identifies the Monday Range (the price action from Monday's open at 00:00) and projects symmetric expansion levels across the entire trading week. It is designed for traders who use the weekly open and Monday's volatility as a benchmark for the week's price action.

Key Features:

Exact Monday 00:00 Start: Using advanced logic, the indicator pins the starting point precisely to the weekly open (Monday 00:00), ensuring no lag or offset regardless of your timeframe.

Symmetric Expansion Levels: It calculates the Monday High-Low range and projects a +100%, +50%, -50%, and -100% expansion, providing clear support and resistance targets.

User-Defined Lookback: You can choose exactly how many past weeks to display on your chart, keeping your workspace clean and focused.

Force Overlay Technology: All lines and labels use force_overlay, ensuring they always stay on the top layer, above candles and other indicators.

Weekly Freeze: Historical weeks stay "frozen" at their Friday closing points, allowing for clear backtesting of previous weekly levels.