OPEN-SOURCE SCRIPT
Updated

Weekday-to-Weekday % Change (selectable, Line + Axis)

157
Weekday-to-Weekday % Change
Plots % change between the chosen weekday occurrences (week-over-week style) or intraday open→close if you select that comparison type.

Shows as a line in a separate pane (overlay=false).

Auto-scales the Y-axis in percent using invisible padded bounds so TradingView draws a readable axis and ticks.

Optional EMA smoothing and labels on the selected-day bars.
Release Notes
Here is a clean **4-line description** of how the code works:

1. On each selected weekday (e.g., Tuesday), the script captures that day’s **closing price** as the **start price** for a new cycle.
2. For every bar until the next selected weekday, it calculates how far price moved **upward** and **downward** from that start price in percentage terms.
3. It keeps track of the **maximum rise (%)** and **maximum drop (%)** the price reached during that entire period.
4. When the next selected weekday arrives, it displays a label showing **Max Up**, **Max Down**, and the **Net % change** from the previous selected-day close to the current selected-day close.
Release Notes

1. When the selected weekday (e.g., Tuesday) closes, its **closing price becomes the start point** for a new cycle.
2. From the **next bar onward**, the script tracks the **highest high** and **lowest low** reached until the next selected weekday arrives.
3. **Max Up** = (highest high − start close) shown in both **points** and **percentage**.
4. **Max Down** = (lowest low − start close) shown in both **points** and **percentage**.
5. On the next selected weekday, it also shows the **Net movement** from the previous selected-day close to the current selected-day close in both **points** and **percentage**.

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.