Daily Seasonality

Category: cycle

Highlights the background of the chart based on the day of the week to visualize recurring weekly price patterns or volatility shifts.

Formula

\text{color} = \begin{cases} \text{Red} & \text{if } \text{dayofweek}(time) = 2 \\ \text{Orange} & \text{if } \text{dayofweek}(time) = 3 \\ \text{Yellow} & \text{if } \text{dayofweek}(time) = 4 \\ \text{Green} & \text{if } \text{dayofweek}(time) = 5 \\ \text{Turquoise} & \text{if } \text{dayofweek}(time) = 6 \\ \text{Blue} & \text{if } \text{dayofweek}(time) = 7 \\ \text{Violet} & \text{if } \text{dayofweek}(time) = 1 \end{cases}

Inputs

• Transparency (0-100) (default: 80)
• Show legend (default: true)
• Legend position (default: Top right)
• Monday (default: true)
• Tuesday (default: true)
• Wednesday (default: true)
• Thursday (default: true)
• Friday (default: true)
• Saturday (default: true)
• Sunday (default: true)

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