previous week's range indicator: automatically plot weekly levels on TradingView
every Monday morning, traders around the world do the same thing: scroll back on their charts, find last week's high and low, and manually draw horizontal lines.
while this may not take forever, it definitely reduces the amount of time you can actually spend trading the reaction to these levels — and since weekly levels are some of the most watched in trading, it's very important you're focused to start the week.
the previous week's range indicator automatically plots last week's high and low on your TradingView chart. no more scrolling. no more drawing. the levels are there the moment you open your chart.
and the key feature that makes this actually useful: it's session-specific. if you trade the New York session, you don't care about overnight price action. the indicator knows that. it only shows you the high and low from the session you actually trade.
table of contents
- what is the previous week's range?
- how the indicator works
- what the edgeful report shows
- combining with other edgeful indicators
- frequently asked questions
- key takeaways
what is the previous week's range?
the previous week's range is exactly what it sounds like: the high and low price established during last week's trading sessions.
- previous week's high: the highest price reached last week.
- previous week's low: the lowest price reached last week.
these two levels act as significant support and resistance for the current week. when price approaches last week's high, you often see sellers step in. when price approaches last week's low, buyers tend to show up.
why do traders watch these levels so closely?
institutions use weekly levels for position management — they're making decisions based on where price is relative to last week's range. swing traders build their entire weekly bias around whether we're above or below these levels. and day traders use them as profit targets and areas where price behavior tends to change.
the problem is that identifying these levels manually takes time. you have to scroll back, find the exact high and low for your specific session, draw the lines, and repeat for every instrument you trade.
that's where the indicator comes in.
how the previous week's range indicator works
the previous week's range indicator plots four key elements on your chart:
- previous week's high — a horizontal line at last week's highest price within your selected session.
- previous week's low — a horizontal line at last week's lowest price within your selected session.
- week divider — a vertical blue bar that separates last week from this week. this makes it visually obvious which price action belongs to which week — no more guessing where the week started.
when a new week starts, the indicator automatically updates. the levels recalculate, the divider moves, and you're ready to trade. no redrawing required.
the session you trade determines which levels are relevant. the indicator respects that.
if you want to learn more about how sessions work and why they matter, check out our trading sessions indicator guide.
how to access edgeful's TradingView indicator library
- log into your edgeful account
- click the TradingView logo on the left sidebar
- enter your TradingView username in the popup
- click "update"
- in TradingView, search for "previous week's range by session" under invite-only indicators
- add it to your chart
once it's on your chart, click the settings gear to select your session and customize colors.
what the edgeful report shows
the indicator plots the levels. the edgeful report shows you the probabilities.
what the report measures
the previous week's range report tracks how price this week interacts with last week's range:
- broke previous week's high only — price broke above the high but didn't break the low
- broke previous week's low only — price broke below the low but didn't break the high
- broke both high and low — price broke both sides (double break)
- stayed inside range — price never broke either level
the data (ES, last 6 months, NY session)
outcome probability broke previous week's high only 53.85% broke previous week's low only 15.38% broke both high & low 19.23% stayed inside range 11.54%
what this tells us
roughly 69% (53.85% previous week's high and 15.38% previous week's low) of the time on ES, price only breaks one side of last week's range.
that's a big deal. it means once price breaks the previous week's high or low, it's unlikely to come all the way back and break the other side as well.
the probability of a full range reversal is low.
so if ES breaks last week's high on Monday, don't expect it to sweep the lows by Friday. it happens — but only about 19% of the time.
the subreports
the previous week's range report also has two subreports that add context:
- by open: this measures where price opens relative to last week's midpoint. if price opens below the midpoint, it changes the probability of which level gets tested first. check the data for your specific instrument.
- by outside close: this measures whether breakouts close beyond the level or fade back inside. some instruments see follow-through on weekly breaks. others tend to fade. the data tells you which.
these subreports help you understand not just whether price will break a level, but what's likely to happen after it does.
combining with other edgeful indicators
the previous week's range indicator is useful on its own. combined with other tools, it's even better.
previous week's range + previous day's range
this gives you multiple timeframe confirmation.
say the previous week's high is at 6,000 and the previous day's high is at 5,980. if price breaks both levels, you've got weekly and daily alignment. use the previous day's high as your first target, previous week's high as your extended target.
check out our previous day's range indicator guide for setup details.
previous week's range + ORB/IB indicators
this gives you weekly context for your intraday setups.
if price opens below the previous week's midpoint and then the initial balance breaks to the downside, you've got bearish weekly context plus bearish daily confirmation. that's a higher-confidence setup than either signal alone.
for more on how to trade initial balance breakouts, see our initial balance breakout strategy guide.
previous week's range + trading sessions indicator
the trading sessions indicator shows you the current session boundaries. the previous week's range indicator shows you last week's levels for that session.
together, you always know where you are in the current session and where last week's key levels sit.
the framework
- previous week's range for weekly context
- previous day's range for daily context
- ORB or IB for intraday entries
layer them together and you're working with multiple timeframes aligned. for a full breakdown of our TradingView indicators, check out our top TradingView indicators for futures trading guide.
frequently asked questions
how is the previous week's range different from previous day's range?
previous week's range looks at last week's high and low — five trading days of data. previous day's range looks at yesterday's high and low — one day. weekly levels are more significant and watched by larger players, but daily levels give you more frequent setups.
does the previous week's range indicator update automatically?
yes. when a new week starts, the indicator recalculates and plots the new previous week's levels. you don't need to redraw anything.
what if price opens outside last week's range?
that's a gap scenario. if price gaps above last week's high on monday's open, you're already in breakout territory. the indicator still plots the levels, and you can check the report data to see how often these gaps hold vs. fade.
which session should I use for the previous week's range indicator?
the session you actually trade. if you trade 9:30 AM to 4:00 PM ET, use New York. if you trade London hours, use London. the key is matching your indicator session to your trading session.
can I use the previous week's range indicator on any chart timeframe?
yes. the indicator works on 1-minute, 15-minute, hourly, daily — any timeframe. the levels stay the same regardless of how zoomed in you are.
key takeaways
- the previous week's range indicator automatically plots last week's high and low on TradingView
- it's session-specific — choose NY, London, Tokyo, or custom to match your trading hours
- for stocks: use regular trading hours only (no extended hours)
- for futures/forex/crypto: session selection is critical — match the indicator to your trading session
- ES data shows ~69% single break probability and ~19% double break probability over 6 months
- combine with previous day's range and ORB/IB indicators for multi-timeframe analysis
- stops manual plotting — levels are ready when you are
ready to stop plotting weekly levels manually?
the previous week's range indicator shows you last week's high and low automatically — and the edgeful report tells you exactly how likely price is to break those levels.
