OPEN-SOURCE SCRIPT
Friday to Monday Return Tracker
Mystic Friday → Monday Return Tracker
This indicator studies how a symbol behaves after unusually weak Friday sessions. It detects Fridays where the daily close-to-close return is less than or equal to a user-defined threshold, then records the return of the next completed trading session after that Friday.
The default threshold is -4.75%, but it can be adjusted in the settings. When a qualifying Friday occurs, the script displays the Friday return and the following Monday/next-session return in a table. If the next session has not occurred yet, the result is shown as TBD. If the market is closed on Monday, the script uses the next available completed trading day, such as Tuesday.
How it works:
The script uses daily price data so the calculation remains consistent across chart timeframes. Friday return is calculated as the percentage change from the prior daily close to the Friday close. The following session return is calculated from the Friday close to the next completed trading session’s close.
What it shows:
• Date of the qualifying Friday
• Friday close-to-close return
• Monday or next-session return
• Optional chart labels for qualifying Fridays and next-session outcomes
• Optional bar highlighting
This tool is intended for historical research and market-behavior review. It does not generate trade signals, does not provide buy or sell recommendations, and does not predict future returns. Results vary by symbol, market regime, liquidity, and available historical data.
This indicator studies how a symbol behaves after unusually weak Friday sessions. It detects Fridays where the daily close-to-close return is less than or equal to a user-defined threshold, then records the return of the next completed trading session after that Friday.
The default threshold is -4.75%, but it can be adjusted in the settings. When a qualifying Friday occurs, the script displays the Friday return and the following Monday/next-session return in a table. If the next session has not occurred yet, the result is shown as TBD. If the market is closed on Monday, the script uses the next available completed trading day, such as Tuesday.
How it works:
The script uses daily price data so the calculation remains consistent across chart timeframes. Friday return is calculated as the percentage change from the prior daily close to the Friday close. The following session return is calculated from the Friday close to the next completed trading session’s close.
What it shows:
• Date of the qualifying Friday
• Friday close-to-close return
• Monday or next-session return
• Optional chart labels for qualifying Fridays and next-session outcomes
• Optional bar highlighting
This tool is intended for historical research and market-behavior review. It does not generate trade signals, does not provide buy or sell recommendations, and does not predict future returns. Results vary by symbol, market regime, liquidity, and available historical data.
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.
Independent market structure tools and educational chart analysis for learning and review only. Not financial advice.
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.
Independent market structure tools and educational chart analysis for learning and review only. Not financial advice.
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.