The Days of the Week indicator is now available for MT4 and MT5.
WeekDays&Holidays is an MT4 indicator that shows the days of the week at the top of the entire chart. This informational indicator helps to define the candlesticks on your chart into the five trading days (Monday - Friday) of the week.
The MT4 indicator comes with a built-in period separator (vertical lines) which partitions the candlestick on your chart into days and weeks. This makes technical analysis more illustrative since you can easily see what happened in the previous trading day, week, or month.
How The WeekDay&Holidays Indicator Can Be Useful
The WeekDay&Holidays indicator is an important trading tool that gives you a clearer perspective of price movement within a trading period. This helps you to quickly see and analyze the outcome of the price at a particular day/week or month at a glance.
The indicator also comes in handy in analyzing critical levels like yesterday's highs/lows, weekly highs/lows, and monthly highs/lows with less hassle. These levels are pivotal points where heavy trading decisions are made by the big players. The indicator makes it pretty easy for you to watch out for or anticipate price reactions as it approaches any of those levels.
Furthermore, the WeekDay&Holidays is integrated with a calendar of holidays to keep you abreast with when the market would close (holidays). Once you click on the holiday calendar, it displays the holiday being celebrated.
What's more, you also have the option to disable the display of such holidays from your chart or customize them accordingly.
Finally, the indicator would be of immense help to back-test a trading strategy. It helps you to see how the market behaved on certain trading days of the week during a back-test.
Features
The WeekDay&Holidays indicator works on multiple timeframes of the chart. This makes it easy to switch between different time frames especially when doing a top-down analysis of price. But the indicator doesn't display on W1 timeframes and above though. The indicator is designed to work only on timeframes that are below W1 to prevent the wide distance it would create between the lines.
The WeekDay&Holidays indicator has the following lines that depict different trading information: 
The WeekDay&Holidays indicator allows users to customize the parameters as deemed fit.
Show holidays - this parameter enables the upcoming holidays to be displayed on your chart.
Labels position on chart - this option defines where the days of the week are displayed on the chart which is usually at the top or bottom of the chat.
WeekDay Label size - this shows the names of all the trading days of the week.
Color Scheme - this is the color palette used to assign a color to the indicator. The indicator also automatically assigns a color to a chart that is in sync with the background.
Color Lines and text - this is used to define the color assigned to the names of the week and the vertical lines.
Indicator installation
Download Link
1. Download and unzip the archive to the MQL4 folder of the terminal;
2. Restart the terminal and run the indicator;
3. Allow import of DLLs.
WeekDays&Holidays is an MT4 indicator that shows the days of the week at the top of the entire chart. This informational indicator helps to define the candlesticks on your chart into the five trading days (Monday - Friday) of the week.
The MT4 indicator comes with a built-in period separator (vertical lines) which partitions the candlestick on your chart into days and weeks. This makes technical analysis more illustrative since you can easily see what happened in the previous trading day, week, or month.
How The WeekDay&Holidays Indicator Can Be Useful
The WeekDay&Holidays indicator is an important trading tool that gives you a clearer perspective of price movement within a trading period. This helps you to quickly see and analyze the outcome of the price at a particular day/week or month at a glance.
The indicator also comes in handy in analyzing critical levels like yesterday's highs/lows, weekly highs/lows, and monthly highs/lows with less hassle. These levels are pivotal points where heavy trading decisions are made by the big players. The indicator makes it pretty easy for you to watch out for or anticipate price reactions as it approaches any of those levels.
Furthermore, the WeekDay&Holidays is integrated with a calendar of holidays to keep you abreast with when the market would close (holidays). Once you click on the holiday calendar, it displays the holiday being celebrated.
What's more, you also have the option to disable the display of such holidays from your chart or customize them accordingly.
Finally, the indicator would be of immense help to back-test a trading strategy. It helps you to see how the market behaved on certain trading days of the week during a back-test.
Features
The WeekDay&Holidays indicator works on multiple timeframes of the chart. This makes it easy to switch between different time frames especially when doing a top-down analysis of price. But the indicator doesn't display on W1 timeframes and above though. The indicator is designed to work only on timeframes that are below W1 to prevent the wide distance it would create between the lines.
The WeekDay&Holidays indicator has the following lines that depict different trading information:
- Thin dotted line - this line shows the commencement of trading activities for that day.
- Dash-dotted line - this line shows the commencement of trading activities for that week (Monday).
- Solid line - this line shows the beginning of trading activities for that month.
Settings
The WeekDay&Holidays indicator allows users to customize the parameters as deemed fit.
Show holidays - this parameter enables the upcoming holidays to be displayed on your chart.
Labels position on chart - this option defines where the days of the week are displayed on the chart which is usually at the top or bottom of the chat.
WeekDay Label size - this shows the names of all the trading days of the week.
Color Scheme - this is the color palette used to assign a color to the indicator. The indicator also automatically assigns a color to a chart that is in sync with the background.
Color Lines and text - this is used to define the color assigned to the names of the week and the vertical lines.
Indicator installation
Download Link
1. Download and unzip the archive to the MQL4 folder of the terminal;
2. Restart the terminal and run the indicator;
3. Allow import of DLLs.
