Indicator: Day of Week
Info
The Indicator: Day of Week is a Indicator for MetaTrader 4 that this is an indicator named 'day of week'. It is designed to support traders by providing reliable functionality within the MetaTrader environment.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Indicators folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use Indicator: Day of Week
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
This is an indicator named 'Day of Week'.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Indicator works on MetaTrader 4. Place the file in the MQL4/Indicators folder and restart the terminal.
Description & Settings
Related: ATR Monitor — Daily, Weekly, and Monthly Range Comparison - another powerful indicator for MetaTrader 4 traders.
This is an indicator named 'Day of Week'.Also recommended: External Range Liquidity (ERL) Indicator: Advanced Market Structure and Liquidity Analysis - similar indicator with strong performance on MetaTrader 4.
It is designed to support traders by providing reliable functionality within the MetaTrader environment.The tool follows standard MT4/MT5 conventions, is easy to install, and can be used by both beginners and experienced traders.
It helps automate tasks, improve decision-making, or provide analytical insights depending on its category.
Day of Week Indicator
This indicator helps traders identify the current day of the week directly on their charts.
Features:
- Clearly displays the current day of the week.
- Integrates seamlessly with MT4 and MT5 platforms.
- User-friendly interface suitable for all trading levels.
- Reliable and efficient performance.
Installation:
1. Download the indicator file.
2. Open your MetaTrader platform.
3. Navigate to File > Open Data Folder.
4. Go to MQL4 (or MQL5) > Indicators.
5. Paste the indicator file into this folder.
6. Restart your MetaTrader platform or refresh the indicators list in the Navigator window.
7. Drag and drop the 'Day of Week' indicator onto your desired chart.
Usage:
Once applied to a chart, the indicator will display the current day of the week. This can be useful for time-based trading strategies or for simply keeping track of trading days.
Compatibility:
Compatible with MetaTrader 4 and MetaTrader 5.
Last Updated: 2026
You may also like: rsar korsar indicator: a comprehensive guide - excellent alternative for indicator users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property indicator_chart_window
#property indicator_buffers 2
#property indicator_color1 blue
#property indicator_color2 salmon
extern int numberdayofweek=1; //
extern int numberofbars =0; // (0-)
int arrowinterval, prevday;
double upline[];.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.