OPEN-SOURCE SCRIPT
Thursday Close Bands
This script is useful for Indian Markets where weekly expiry is on Thursday.
As per last 10 years historical stats Nifty stays with in 3% range from Thursday close 80% times.
As per last 10 years historical stats Nifty stays with in 3% range from Thursday close 80% times.
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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