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Day of Week and Opening Price Indicator by FX Replay

by FX Replay

In FX Replay, the Day of Week and Opening Price Indicator helps you visually align session bias with historical market behavior. It’s perfect for validating PO3 sequences, NY/Asia range traps, and DR/IDR expansions, especially when backtesting intraday strategies.

Day of Week and Opening Price – FX Replay Guide

In FX Replay, the Day of Week and Opening Price Indicator helps you visually align session bias with historical market behavior. It’s perfect for validating PO3 sequences, NY/Asia range traps, and DR/IDR expansions, especially when backtesting intraday strategies.

🛠 How to Set It Up

Add the Indicator:

  • Open Indicators → search “Day of Week and Opening Price”.

  • Apply it to your chart (preferably 1 M–15 M for execution-level clarity). Customize Settings:

  • Toggle day labels, opening-price lines, and gap highlighting (if available).

  • Choose which sessions or days to display (e.g., hide weekends).

Trade Setup Use Cases

PO3 Day Bias:

  • Use the day-of-week label to anticipate:

  • Tuesday trend follow-through

  • Friday reversal setups

  • Combine with HTF PO3 + Zeussy session block for stronger narrative. Opening Price as Bias Line:

  • Price above daily open = bullish bias → consider only long setups.

  • Price below daily open = bearish bias → focus on shorts.

  • Retests of the open after sweeps = ideal entry triggers.

Backtest Strategy Enhancements

  • Tag trade ideas such as:

  • “Monday sweep + NY AM reversal below open”

  • “Wednesday continuation + DR/IDR breakout from daily open”

  • “Friday fade at HTF range top + open rejection”

  • Evaluate win/loss ratio by day of the week and whether trades respected or rejected the daily open.

Combine With Tools

  • SMMA / VWAP → confirm continuation or failure off open.

  • Fractals / FVG → align entry timing with daily-open rejection or breakout.

  • Volume spikes → validate if the daily-open level is attracting interest. ✅ Pro Tip In FX Replay, the Day of Week + Opening Price Indicator is a bias filter and timing reference:

  • Use the open as a magnet for setups — especially when combined with PO3 manipulation phases.

  • Study how each day behaves differently:

  • Tuesday = trend confirmation

  • Thursday = midweek reversal

  • Friday = profit-taking or fade setups

This indicator provides narrative clarity, especially when paired with:

  • HTF PO3
  • Zeussy Cycles
  • Volume + CMO confirmation

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