Here's a Pine Script that marks profitable Mondays and losing Fridays for a given stock:
Explanation
Input Parameter: The script allows you to input the stock symbol, defaulting to SPX. Daily Returns: It calculates the daily return based on the closing price. Day Identification: It checks if the current day is Monday or Friday. Conditions: Profitable Mondays: Marks with a green background if Monday's return is positive. Losing Fridays: Marks with a red background if Friday's return is negative. Visualization: Uses bgcolor to highlight the respective days on the chart.
You can adjust the stockSymbol input to analyze different stocks.