Warlord, the weekly open indicator MT5 that tells you who owns the week
Every week starts with one price: the first tick after the weekend. Big desks use it as the line that decides the week. When price lives above it, the buyers are in charge. When it lives below it, the sellers are. Warlord is a weekly open indicator MT5 that draws that line, shows you which side owns the week, and fires one arrow when price comes back to the line and gets thrown out again.
The arrow does not repaint, does not move and does not disappear. It needs a closed candle, and once it prints, it stays exactly where it printed.
Click the image to enlarge
Real chart, EURUSD on H1. The new week opens at 1.15957 and the euro slips below it right away, so the sellers own the week. Then price climbs back to the line, touches it and closes down again. The sell arrow prints at 1.15909. The stop sits just above that candle at 1.15973, a risk of only 7 pips. Over the next days the euro fell to 1.14548, a move of 136 pips, almost twenty times the risk. Every price comes from the exact candle history of that chart.
Why the weekly open matters
Funds, banks and swing traders all measure the week from its first price. As a result, the weekly open behaves like a real support and resistance level, even though no formula draws it. It is simply the price where the week started, and everybody knows it.
The side of the line tells you the mood. However, price rarely leaves the line in one go. It usually comes back to check it at least once, and that return is the moment Warlord waits for. If the owners of the week defend the line, the arrow prints.
How Warlord reads the week
- The line. At the first candle of each week, it stores the open and draws it across the week, labelled WEEKLY OPEN.
- The owner. A close above the line hands the week to the buyers. A close below hands it to the sellers.
- The bounce. Price returns to the line, touches it, and the candle closes back on the owner’s side. That close is the arrow.
There is also a second mode, called Flip, that fires when a candle closes straight through the line instead. By default Warlord gives at most one buy and one sell per day, so a quiet market that hugs the line does not flood your chart.
How to trade the weekly open indicator MT5 signals
- Trade with the owner. Buys only while price lives above the line, sells only while it lives below.
- Enter on the close of the arrow candle. The owners already defended the line.
- Stop just beyond the line. If price closes on the other side, the week changed hands and the idea is over. That is why the stop stays so small.
- Target the high or low of the week so far, then trail the rest. A week that rejects its open often runs for days.
Also, the first return to the line after a strong Monday is often the best signal of the whole week.
Markets and timeframes
| EURUSD | H1, the one we recommend |
| Major pairs | H1, same rules |
| Lower timeframes | M15 and M30 work too, with more signals and smaller moves |
H1 on EURUSD is where this weekly open indicator MT5 looked best. Therefore, start there, and then add the other major pairs on the same timeframe.
What is inside
- Weekly open line drawn for the current week and the last ones, labelled on the chart.
- Two trigger modes: Bounce and Flip.
- Small dots on every candle that changes the owner of the week, switchable.
- Arrows on closed candles only. They do not repaint, move or disappear.
- Popup, sound, push and email alerts, each one switchable.
- Premium dark chart theme, applied on attach and restored on remove.
Besides, it reads price only, so any broker and any account works. If you want robots that trade by themselves, browse our automated robots, and the rest of the manual set is in our chart tools for traders.
Questions about this weekly open indicator MT5
Does it repaint? No. The weekly open is fixed from the first candle of the week and the arrow needs a closed candle. Once it prints, it does not move and it does not disappear.
Why is my weekly open different from another platform? Because brokers open the week at different hours. The rule is the same, but the first candle is not.
Can I trade breaks of the line instead? Yes. Switch the trigger mode to Flip and the arrow prints when a candle closes through the line.
Do you have the other version? Yes. This is the MetaTrader 5 build, and Warlord for MT4 draws the same line on MetaTrader 4.
Trading involves risk. Signals are information, not advice, so try any new tool on a demo account first and only trade money you can afford to lose.
