Daily Gain/Loss Statistics by Day of Week

17 Jul

Daily Gain/Loss Statistics by Day of Week

Overview
This Pine Script indicator analyzes historical price data to provide comprehensive day-of-week performance statistics, helping traders identify patterns and optimize their trading strategies based on which days historically perform better or worse.

Key Features
📊 Day-of-Week Analysis

7-day breakdown showing Monday through Sunday statistics
Average Gain % - Average percentage gains on winning days for each day of the week
Average Loss % - Average percentage losses on losing days (displayed with minus sign)
Median High % - Typical percentage move from open to daily high
Median Low % - Typical percentage move from open to daily low

🎯 Visual Performance Indicators

🚀 Rocket symbol - Marks the best performing day (highest average gains)
🔻 Red triangle down - Marks the worst performing day (lowest average gains)
Current day highlighting - Today's row highlighted in yellow (#ffdd444b)

⚡ Real-Time Session Tracking

Current Session row - Shows today's performance percentage in real-time
Color-coded gains/losses - Green for positive, red for negative

🎨 Professional Themes

⚙️ Customization Options

Date range selection - Choose specific time periods for analysis
Table positioning - 9 different screen positions
Table sizing - 6 size options from tiny to huge
Timeframe protection - Works only on 1D timeframe with user-friendly warnings

How It Works

Data Collection - Analyzes daily OHLC data within your selected date range
Day Classification - Categorizes each trading day by day of the week
Statistical Calculation - Computes averages and medians for each day type
Performance Ranking - Identifies best and worst performing days
Real-Time Display - Shows current session performance vs historical patterns

Trading Applications

Entry/Exit Timing - Identify optimal days for opening/closing positions
Risk Management - Avoid trading on historically poor-performing days
Strategy Optimization - Align trading strategies with day-of-week patterns
Market Timing - Understand weekly market cycles and seasonality



This indicator transforms raw price data into actionable intelligence, helping traders make more informed decisions based on proven historical day-of-week performance patterns.

17 Jul

Nota Keluaran

Added "Analysis Period" into the table so you can easily identify the range

19 Jul

Nota Keluaran

🎯 Core Statistics Displayed:
1. Best/Worst Day Indicators:

🚀 Rocket: Day with highest overall average performance
🔻 Red Triangle: Day with lowest overall average performance
Based on net average daily performance (gains + losses combined)

2. Essential Columns (Default ON):

Day: Day of week with performance indicators
Avg Performance: Net daily performance including all gains/losses
% Positive: Percentage of time each day ends positive
% Negative: Percentage of time each day ends negative
Avg Gain %: Average gain when day is positive
Avg Loss %: Average loss when day is negative

3. Optional Intraday Columns (Default OFF):

Median High %: Median daily high vs open
Median Low %: Median daily low vs open

19 Jul

Nota Keluaran

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