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Friday and Opening Range Auto Levels

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Published: 3 March 2026

Current version: 1.70

Friday and Opening Range Auto Levels

Indicators
Timos Van Dam
Timos Van Dam
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3 products
Version: 1.70
Updated: 24 July 2026

This indicator automatically draws key weekly and monthly price levels on your chart. All lines end at Sunday 23:59 of the current week.

Levels and Default Settings

Level	Color	Style	Width	Start Point
Friday High	Red	Solid	2	Exact high candle
Friday Low	Red	Solid	2	Exact low candle
Friday Close	Green	Solid	2	23:00 (adjustable)
Opening Range High	Blue	Solid	2	Mon-Tue high candle
Opening Range Low	Blue	Solid	2	Mon-Tue low candle
Previous Week High	Light Gray	DashDotDot	1	Exact high candle
Previous Week Low	Light Gray	DashDotDot	1	Exact low candle
Previous Month High	Dark Gray	DashDotDot	1	Exact high candle
Previous Month Low	Dark Gray	DashDotDot	1	Exact low candle

How It Works

Friday levels show the previous week’s closing data
Opening Range builds on Monday and Tuesday, final on Wednesday
Week levels update every Monday
Month levels update on the first day of each month
All levels automatically shift forward each week

Input Settings

Each level can be enabled or disabled independently. Color, line style and thickness are fully adjustable.

Tooltips show exact price and date when hovering over any line. Lines can be placed behind candles for cleaner chart visibility.

Performance

Ultra-light memory usage: less than 0.1MB for 10 charts. Only redraws when levels actually change.

Installation

Copy .ex5 file to: MetaTrader 5 → MQL5 → Indicators
Restart MT5 or refresh Navigator
Drag and drop onto your chart
Adjust settings in the Inputs tab

Requirements

MetaTrader 5 build 2000 or higher. Works on all timeframes below Daily. Compatible with Forex, Indices and Commodities.

Thanks for reading, enjoy!

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Screenshot #1 Friday and Opening Range Auto Levels

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Friday and Opening Range Auto Levels

Timos Van Dam