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Day Of Week Price Distribution

By LuxAlgoFeb 18, 2026

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Day Of Week Price Distribution sorts recent closing prices into five box plots, one per weekday, so calendar tendencies stop being folklore and become measurable. It's a chart-native way to inspect 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, 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, IQR area, and median line, each with an Auto option.

Frequently Asked Questions

Free indicator

Get free access to this indicator on the platforms below.

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NinjaTrader
MetaTrader 4/5
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