GANN Friday Rules

vor 18 Stunden

Friday Rules Indicator Description

Purpose:
The Friday Rules indicator identifies and marks specific Friday candlestick patterns based on
weekly price action and candle body-to-wick relationships.

How it Works:
The indicator tracks the weekly high and low from Monday to Friday, then analyzes Friday's
candle to determine its significance and body/wick characteristics.

Signal Types:

🟢 Green F ▲ - Strong Bullish Friday
- Friday makes the weekly high
- Body closes within 1% of the high (minimal upper wick)
- Indicates strong buying pressure with little rejection

🟡 Yellow F ▲ - Weak Bullish Friday
- Friday makes the weekly high
- Body does NOT close near the high (significant upper wick)
- Shows buying interest but with selling pressure/rejection at highs

🔴 Red F ▼ - Strong Bearish Friday
- Friday makes the weekly low
- Body closes within 1% of the low (minimal lower wick)
- Indicates strong selling pressure with little support

🟠 Orange F ▼ - Weak Bearish Friday
- Friday makes the weekly low
- Body does NOT close near the low (significant lower wick)
- Shows selling pressure but with buying support at lows

⚪ White F - Neutral Friday
- Friday does not make weekly high or low
- Regular Friday with no extreme weekly price action

Key Features:
- Resets weekly tracking every Monday
- All signals positioned above the candle for clean visibility
- Arrow direction indicates bullish (▲) vs bearish (▼) bias
- Color coding shows strength: Green/Red = strong, Yellow/Orange = weak, White = neutral

Usage:
Use this indicator to identify significant Friday price action that may influence next week's
trading, weekend sentiment, and weekly closing patterns.

vor 17 Stunden

Versionshinweise

Friday Rules Indicator Description

Purpose:
The Friday Rules indicator identifies and marks specific Friday candlestick patterns based on
weekly price action and candle body-to-wick relationships.

How it Works:
The indicator tracks the weekly high and low from Monday to Friday, then analyzes Friday's
candle to determine its significance and body/wick characteristics.

Signal Types:

🟢 Green F ▲ - Strong Bullish Friday
- Friday makes the weekly high
- Body closes within 1% of the high (minimal upper wick)
- Indicates strong buying pressure with little rejection

🟡 Yellow F ▲ - Weak Bullish Friday
- Friday makes the weekly high
- Body does NOT close near the high (significant upper wick)
- Shows buying interest but with selling pressure/rejection at highs

🔴 Red F ▼ - Strong Bearish Friday
- Friday makes the weekly low
- Body closes within 1% of the low (minimal lower wick)
- Indicates strong selling pressure with little support

🟠 Orange F ▼ - Weak Bearish Friday
- Friday makes the weekly low
- Body does NOT close near the low (significant lower wick)
- Shows selling pressure but with buying support at lows

⚪ White F - Neutral Friday
- Friday does not make weekly high or low
- Regular Friday with no extreme weekly price action

Key Features:
- Resets weekly tracking every Monday
- All signals positioned above the candle for clean visibility
- Arrow direction indicates bullish (▲) vs bearish (▼) bias
- Color coding shows strength: Green/Red = strong, Yellow/Orange = weak, White = neutral

Usage:
Use this indicator to identify significant Friday price action that may influence next week's
trading, weekend sentiment, and weekly closing patterns.

vor 17 Stunden

Versionshinweise

Friday Rules Indicator Description

Purpose:
The Friday Rules indicator identifies and marks specific Friday candlestick patterns based on
weekly price action and candle body-to-wick relationships.

How it Works:
The indicator tracks the weekly high and low from Monday to Friday, then analyzes Friday's
candle to determine its significance and body/wick characteristics.

Signal Types:

🟢 Green F ▲ - Strong Bullish Friday
- Friday makes the weekly high
- Body closes within 1% of the high (minimal upper wick)
- Indicates strong buying pressure with little rejection

🟡 Yellow F ▲ - Weak Bullish Friday
- Friday makes the weekly high
- Body does NOT close near the high (significant upper wick)
- Shows buying interest but with selling pressure/rejection at highs

🔴 Red F ▼ - Strong Bearish Friday
- Friday makes the weekly low
- Body closes within 1% of the low (minimal lower wick)
- Indicates strong selling pressure with little support

🟠 Orange F ▼ - Weak Bearish Friday
- Friday makes the weekly low
- Body does NOT close near the low (significant lower wick)
- Shows selling pressure but with buying support at lows

⚪ White F - Neutral Friday
- Friday does not make weekly high or low
- Regular Friday with no extreme weekly price action

Key Features:
- Resets weekly tracking every Monday
- All signals positioned above the candle for clean visibility
- Arrow direction indicates bullish (▲) vs bearish (▼) bias
- Color coding shows strength: Green/Red = strong, Yellow/Orange = weak, White = neutral

Usage:
Use this indicator to identify significant Friday price action that may influence next week's
trading, weekend sentiment, and weekly closing patterns.

vor 17 Stunden

Versionshinweise

Purpose:
The Friday Rules indicator identifies and marks specific Friday candlestick patterns based on
weekly price action and candle body-to-wick relationships. This indicator only works on
daily (1D) timeframes.

How it Works:
The indicator tracks the weekly high and low from Monday to Friday, then analyzes Friday's
candle to determine its significance and body/wick characteristics. Weekly tracking resets
every Monday.

Signal Types:

🟢 Green F ▲ - Strong Bullish Friday
- Friday makes the weekly high
- Body closes within 1% of the high (minimal upper wick)
- Indicates strong buying pressure with little rejection

🟡 Yellow F ▲ - Weak Bullish Friday
- Friday makes the weekly high
- Body does NOT close near the high (significant upper wick)
- Shows buying interest but with selling pressure/rejection at highs

🔴 Red F ▼ - Strong Bearish Friday
- Friday makes the weekly low
- Body closes within 1% of the low (minimal lower wick)
- Indicates strong selling pressure with little support

🟠 Orange F ▼ - Weak Bearish Friday
- Friday makes the weekly low
- Body does NOT close near the low (significant lower wick)
- Shows selling pressure but with buying support at lows

⚪ White F - Neutral Friday
- Friday does not make weekly high or low
- Regular Friday with no extreme weekly price action

Visual Features:
- Friday Vertical Lines: Optional light gray vertical lines on every Friday (can be disabled)
- Customizable Line Color: Fully adjustable Friday line color and transparency
- Clean Positioning: All signals positioned above candles for clear visibility
- Arrow Indicators: ▲ for bullish bias, ▼ for bearish bias

Settings:
- Show Friday Vertical Lines: Toggle vertical lines on/off
- Friday Line Color: Customize the color of Friday vertical lines

Requirements:
- Daily timeframe only - Will show error on other timeframes
- Weekly structure tracking requires daily candle data

Usage:
Identify significant Friday price action that may influence next week's trading, weekend
sentiment, and weekly closing patterns. The combination of signals and vertical lines
provides clear visual reference for Friday behavior within weekly context.