OPEN-SOURCE SCRIPT
Day of Week Performance
█ OVERVIEW
The Day of Week Performance indicator is designed to visualise and compare the cumulative percentage change for each day of the week. This indicator explores one of the many calendar based anomalies in financial markets.
In financial analysis, a calendar based anomaly refers to recurring patterns or tendencies associated with specific time periods, such as days of the week. By calculating the cumulative percentage change for each day (Monday through Friday) and displaying the results both graphically and in a summary table, this indicator helps identify whether certain days consistently outperform others.
█ FEATURES
█ HOW TO USE
Colour Scheme:
The Day of Week Performance indicator is designed to visualise and compare the cumulative percentage change for each day of the week. This indicator explores one of the many calendar based anomalies in financial markets.
In financial analysis, a calendar based anomaly refers to recurring patterns or tendencies associated with specific time periods, such as days of the week. By calculating the cumulative percentage change for each day (Monday through Friday) and displaying the results both graphically and in a summary table, this indicator helps identify whether certain days consistently outperform others.
█ FEATURES
- Customisable time window via Time Settings.
- Calculates cumulative percentage change for each day (Monday to Friday) separately.
- Option to use Sunday instead of Friday for CFDs and Futures analysis.
- Distinct visual representation for each day using unique colours.
- Customisable table settings including position and font size.
- Built-in error checks to ensure the indicator is applied on a Daily timeframe.
█ HOW TO USE
- Add the indicator to a chart set to a Daily timeframe.
- Select your desired Start Time and End Time in the Time Settings.
- Toggle the performance table on or off in the Table Settings.
- Adjust the table’s location and font size as needed.
- Use the "Use Sunday instead of Friday" option if your market requires it.
- View the cumulative performance plotted in distinct colours.
Colour Scheme:
- Monday: Blue
- Tuesday: Red
- Wednesday: Green
- Thursday: Orange
- Friday: Purple
Script open-source
Dans l'esprit de TradingView, le créateur de ce script l'a rendu open-source, afin que les traders puissent examiner et vérifier sa fonctionnalité. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script open-source
Dans l'esprit de TradingView, le créateur de ce script l'a rendu open-source, afin que les traders puissent examiner et vérifier sa fonctionnalité. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.