# Day Of Week Price Distribution Day Of Week Price Distribution is an indicator on [Vela](https://vela.luxalgo.com/chart), our next-generation charting platform, written in Pine Script®. Builds a box plot of closing prices for each weekday over a configurable window of weeks: median, interquartile range, and hoverable dots carrying price, open-to-close delta, volume, and date. A dashboard totals the extremes, giving traders a statistical answer to whether weekday bias deserves a place in their plan. - Indicator in the LuxAlgo Library, by LuxAlgo, published Feb 18, 2026. - Access: free. - Concepts: [Day-of-week Effects](https://www.luxalgo.com/library/concept/day-of-week-effects/) (primary), [Seasonality Tooling](https://www.luxalgo.com/library/concept/seasonality-tooling/), [Distribution-of-returns Profiling](https://www.luxalgo.com/library/concept/distribution-of-returns-profiling/) - Open on Vela: https://vela.luxalgo.com/chart?pineScriptCodeId=cmpwn15wh001jvhsg71sksxuz - Page: https://www.luxalgo.com/library/indicator/day-of-week-price-distribution/ **Day Of Week Price Distribution** sorts recent closing prices into one box plot per day of the week (five on most markets, seven on crypto), so calendar tendencies stop being folklore and become measurable. It's a chart-native way to inspect [day-of-week effects](https://www.luxalgo.com/library/concept/day-of-week-effects/): each box spans the 25th to 75th percentile of that weekday's closes over the selected window, a line marks the median, and every individual close appears as a dot that reveals its price, open-to-close delta, volume, and date on hover. ## How to Trade the Day Of Week Price Distribution? - **Box position and height**: weekdays whose boxes sit higher or lower expose directional bias; tall boxes mark volatile days, tight boxes stable ones. - **Outlier dots**: points far outside a box flag abnormal sessions (news-driven moves, economic releases, volatility spikes) worth respecting when sizing trades on that weekday. - **Dashboard extremes**: Highest and Lowest Price, Most Bullish and Most Bearish Delta, Largest and Smallest Volume show which day carried the strongest push, the deepest risk, and the participation peaks. - **Window length**: a short window surfaces the current regime; a long one smooths toward durable weekday tendencies. As a piece of [seasonality tooling](https://www.luxalgo.com/library/concept/seasonality-tooling/), it earns its keep in filters: favor entries on statistically supportive days, stand aside on historically weak ones, or point breakout attempts at high-volatility sessions. ## Day Of Week Price Distribution Settings - **Window** (default 10 weeks): how many weeks of history feed the distributions. - **Spacing** (default 20): the visual width and separation of each weekday's box plot. - **Dashboard / Position / Size**: toggle and place the statistics panel. - **Style**: bullish and bearish colors, plus IQR area and median line colors, the last two each with an Auto option. ## Frequently Asked Questions ### Which markets does it work on? Any market with consistent weekday sessions: stocks, forex, crypto, indices, and futures all produce usable distributions. The statistics simply group each weekday's closing prices. ### How is it different from a seasonality chart? The [Seasonality Chart](https://www.luxalgo.com/library/indicator/seasonality-chart/) studies recurring behavior across the calendar year. This tool zooms into the week and shows the full spread of weekday closes (distribution, not just average) over your chosen window. ### How do I access the Day Of Week Price Distribution? It's free on the LuxAlgo Library. You can also spin it up in Quant, our coding agent, directly from the page and explore weekday stats on your own symbols. You can also copy the source code from this page and run it anywhere Pine Script® runs. ## Related indicators - [Seasonality Widget](https://www.luxalgo.com/library/indicator/seasonality-widget/) (Day-of-week Effects): markdown at https://www.luxalgo.com/library/indicator/seasonality-widget.md - [Buy Sell Calendar](https://www.luxalgo.com/library/indicator/buy-sell-calendar/) (Day-of-week Effects): markdown at https://www.luxalgo.com/library/indicator/buy-sell-calendar.md - [Periodic Activity Tracker](https://www.luxalgo.com/library/indicator/periodic-activity-tracker/) (Day-of-week Effects): markdown at https://www.luxalgo.com/library/indicator/periodic-activity-tracker.md - [Weekly Stacked Daily Changes](https://www.luxalgo.com/library/indicator/weekly-stacked-daily-changes/) (Day-of-week Effects): markdown at https://www.luxalgo.com/library/indicator/weekly-stacked-daily-changes.md - [Seasonality Chart](https://www.luxalgo.com/library/indicator/seasonality-chart/) (Seasonality Tooling): markdown at https://www.luxalgo.com/library/indicator/seasonality-chart.md - [Volume Forecasting](https://www.luxalgo.com/library/indicator/volume-forecasting/) (Seasonality Tooling): markdown at https://www.luxalgo.com/library/indicator/volume-forecasting.md - [Probability Grid](https://www.luxalgo.com/library/indicator/probability-grid/) (Distribution-of-returns Profiling): markdown at https://www.luxalgo.com/library/indicator/probability-grid.md - [Consecutive Candle Streak Analysis](https://www.luxalgo.com/library/indicator/consecutive-candle-streak-analysis/) (Distribution-of-returns Profiling): markdown at https://www.luxalgo.com/library/indicator/consecutive-candle-streak-analysis.md --- Source: https://www.luxalgo.com/library/indicator/day-of-week-price-distribution/ (LuxAlgo Library). Free to use with attribution: https://www.luxalgo.com/library/license/