OPEN-SOURCE SCRIPT
Weekly Pivot Day Tracker (TZ-aware)
Tracks which weekday the weekly high and low actually land on, and tallies the distribution over all loaded bars.
Most "Monday reversal" type claims are sensitive to where the week boundary sits. This indicator exposes a timezone selector (Exchange / Seoul / New York / UTC) so you can check for yourself whether a weekday pattern survives a boundary shift — or whether it was just a calendar artifact.
Features
• Monday background highlight
• Markers when the weekly high/low prints on Monday
• Live stats table: % of weeks where the pivot landed on Monday vs. the 14.3% uniform baseline
Best on the 1D timeframe. Scroll back to load more history for a larger sample. This is an analysis tool, not a signal — it helps you test a hypothesis, not trade one.
Most "Monday reversal" type claims are sensitive to where the week boundary sits. This indicator exposes a timezone selector (Exchange / Seoul / New York / UTC) so you can check for yourself whether a weekday pattern survives a boundary shift — or whether it was just a calendar artifact.
Features
• Monday background highlight
• Markers when the weekly high/low prints on Monday
• Live stats table: % of weeks where the pivot landed on Monday vs. the 14.3% uniform baseline
Best on the 1D timeframe. Scroll back to load more history for a larger sample. This is an analysis tool, not a signal — it helps you test a hypothesis, not trade one.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.