The indicator adds signal arrows on the specified day of the week and time:
- If the Close price of a candlestick preceding the given one is lower than the Open price of the specified day of the week, then an up arrow is drawn at the given candlestick;
- If the Close price of a candlestick preceding the given one is higher than the Open price of the specified day of the week, then a down arrow is drawn at the given candlestick;
The indicator allows selecting the day of the week and the hour of that day to check, so it has two configurable parameters:
- Day of week - the day of the week to check;
- Hour of day - the hour of the day.
Note that arrows may not be placed in some cases: for example, if you use the H4 chart and select a candlestick with the time which is not a multiple of 4 (3, 11, 7 etc.), the indicator will not find such candlesticks on the H4 chart, so will not draw arrows.
Fig.1 H4, Monday, 8 hours
Fig.2 H4, Monday, 16 hours
