1of1 Trades Expected Ranges (Friday Close Calculator)

Expected Ranges (Friday Close Calculator)

Expected Ranges is a simple, non-plotting calculator designed for weekly market preparation.
It uses the most recent Friday’s daily close as the base price and calculates an expected trading range for the upcoming week.

This indicator is intentionally built as a calculator only — it does not draw lines or zones on the chart. This ensures there is no bleed between symbols and allows traders to convert levels into permanent TradingView drawings (horizontal lines and shaded rectangles) that are stored per symbol in their account.

How It Works

Friday Close is automatically detected from the daily chart.

You input a single value for Expected Weekly Move.

The indicator calculates:

Upper Range = Friday Close + Expected Move

Lower Range = Friday Close − Expected Move

Values are displayed in a clean top-right panel for quick reference.