TGIF - "Thank God it's Friday" After a heavily bearish week (tuesday, wednesday and thursday) price sometimes looks for some retracement on fridays. Vice versa for bullish weeks. This script shows how often that specific scenario happens and displays that data in a table. The user has the option to input a starting year for the statistic and is able to filter between bearish or bullish weeks.
*disclaimer : if paired with a higher timeframe pd array taught by ICT the stats should be better, that's not included in the code though* ⚠️ Open Source ⚠️ Coders and TV users are authorized to copy this code base, but a paid distribution is prohibited. A mention to the original author is expected, and appreciated.
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Hey Joshuuu, great indicator once again. based on this indicator I had a similar idea. ICT says Tuesday is the H/L of the week 70% of times, so because of this is it possible to make an indicator that corroborates this? Maybe also for Wednesdays? because it´s a very possible reversal day. Because this would give a tremendous edge and give much certainty when predicting the weekly profile. Thanks a lot and looking forward in hearing from you. Ivo