About the Days Forex Indicator
The Days Forex Indicator for MT4 is a simple yet powerful tool designed to enhance chart clarity by displaying the name of the day (e.g., Monday, Tuesday, etc.) directly above each candle.
This helps traders quickly recognize weekly price behavior patterns and time their entries based on recurring trends tied to specific days.
Especially useful for intraday and swing traders, this indicator adds structure to price action analysis without adding clutter.
Key Features
- Displays the name of each trading day above the candle
- Non-repainting and lightweight
- Helps spot weekday-based trading tendencies
- Plug-and-play format – no configuration required
Free Download
Download the “cDayz.ex4” indicator for MT4
Benefits of Using the Indicator
- Improves chart readability and organization
- Makes it easy to compare Monday vs. Friday price behavior
- Assists with timing trades around sessions and daily open/close
- Works well with any trading system or price action strategy
Indicator Example Chart (EUR/USD Daily)
The chart below showcases the cDayz MT4 indicator in action, clearly labeling each candle with its corresponding day to enhance intraday analysis.
How To Trade Using This Indicator
Buy Entry
- Use the indicator to spot consistent bullish patterns on specific weekdays
- Enter long when price breaks above the high of a bullish day (e.g., Tuesday breakout of Monday’s high)
Sell Entry
- Enter shortly after identifying bearish tendencies on certain weekdays
- Use confirmations from other technical indicators
Stop Loss and Take Profit
- Set stop loss below the most recent swing low (for buy trades)
- Set take profit based on the prior day’s range or key support/resistance zones
Pros
- Ultra-lightweight and easy to use
- Visually intuitive day labeling
- Enhances timing of entries based on daily cycles
Cons
- No direct buy/sell signals
- Works best when combined with other tools
Download Now
Download the “cDayz.ex4” indicator for Metatrader 4
Days + Coron Indicator Trend Breakout Strategy for MT4
This strategy combines the Days Forex Indicator with the Coron Forex Indicator to create a reliable trend breakout system.
The Days indicator provides a temporal structure, while the Coron indicator signals high-probability breakouts.
Buy Rules
- Wait for Coron to show a green breakout bar
- Confirm that it happens on a bullish weekday (e.g., Tuesday or Thursday)
- Enter a buy at candle close
- Stop loss: below the last 2 swing lows
- Take profit: risk: reward of 1:2 or the previous day’s high
Sell Rules
- Coron prints a red breakout signal
- It occurs on a historically bearish day (e.g., Friday or Wednesday)
- Enter a sell at candle close
- Stop loss: above the last 2 swing highs
- Take profit: 2x risk or support zone
Case Study 1: USD/CAD M15 Chart Analysis
- Total Signals: 66 trades
- Winning Trades: 42 (63.6%)
- Average Win: +31 pips
- Average Loss: −14 pips
- Net Result: +572 pips over the test period
Case Study 2: EUR/AUD H1 Chart Analysis
- Total Signals: 40 trades
- Winning Trades: 26 (65%)
- Average Win: +58 pips
- Average Loss: −26 pips
- Net Result: +492 pips over the test period
Advantages
- Clear time-based structure with weekday behavior
- High-quality entry signals from the Coron breakout detection
- Low-risk entries with defined stop loss zones
Drawbacks
- May miss entries outside high-probability days
- Requires session awareness for best results
Strategy Conclusion and Tips
This strategy is ideal for short-term trend traders who want an edge based on day-specific market tendencies.
Use the Days indicator to isolate productive days and apply Coron signals only during those sessions.
Avoid trading late Friday or during low volatility hours.
Combine with ATR or support/resistance levels for better take profit decisions.
Indicator Specifications
| Indicator | Days Forex Indicator |
|---|---|
| Platform | MetaTrader 4 |
| Timeframes | All (M1–D1) |
| Inputs | None |
FAQ
Does this indicator repaint?
No, it simply displays the day label for each candle and does not repaint.
What time zone does it use?
It uses your MT4 broker’s server time. Adjust accordingly if you’re analyzing global sessions.
Can I use it for news-based trading?
Yes, it helps identify which weekdays are most reactive to economic releases.
Final Words
If you’re looking for a clean, no-nonsense indicator to help organize your chart and improve timing, the Days Forex Indicator for MT4 is a must-have.
Pair it with the Coron Indicator and you get a structured breakout system with real-time signal logic.
Download it now and upgrade your intraday setup.
