Color Candles Daily

Category: market_structure

A visual tool that colors individual candles based on the day of the week they occur in, helping traders distinguish between daily cycles and weekly opening/closing volatility.

Formula

ColorIndex = DayOfWeek(Time[i]) \\\\ Open/High/Low/Close = OHLC[i]

See signal primitives, usage in published strategies and more on WOBR StrategyVerse.