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Day Of Week Price Distribution

By LuxAlgoFeb 18, 2026

Day Of Week Price Distribution is an indicator on Vela, our next-generation charting platform, written in Pine Script®.

Static chart image

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: 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, plus IQR area and median line colors, the last two each with an Auto option.

Frequently Asked Questions

Free to use

Run it on Vela. Go further with a paid plan.

  • Up to 500 strategy alerts, with webhook automation
  • Up to 10× the chart history of Free
  • Orderflow lookback up to full history
  • More Quant usage to customize it, plus extra usage when you need it
  • Futures data alongside crypto, stocks, forex and commodities
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Also works on

TradingView
Original indicatorBuilt in-house by LuxAlgo

Run it on Vela. Make it yours with Quant.

Open this indicator free on Vela, our next-generation charting platform. Then ask Quant, our coding agent built into Vela, to retune it or turn it into a backtested strategy of your own.