█ OVERVIEW
The indicator tracks and reports the percentage of occurrence of daily tops and bottoms by the time of the day.
█ CONCEPTS
At certain times during the trading day, the market reverses and marks the high or low of the day. Tops and bottoms are vital when entering a trade, as they will decide if you are catching the train or being straight offside....
High of Day (HoD) & Low of Day (LoD) hourly timings: Statistics. Time of day % likelihood for high and low.
//Purpose:
To collect stats on the hourly occurrences of HoD and LoD in an asset, to see which times of day price is more likely to form its highest and lowest prices.
//How it works:
Each day, HoD and LoD are calculated and placed in hourly 'buckets'...
Get statistics of the Session High and Session Low timings for any custom session; based on around 1yr of data.
//Purpose:
-To get data on the 'time of day' tendencies of an asset.
-Narrow in on a custom defined session and get statistics on that session.
//Notes:
-Input times are always in New York time (but changing the timezone after setting WILL adust both...
This volume indicator measures the volume for each bar at the time of day and displays the average and +1 standard deviation above that average.
The color intensity of the bar is increased when the volume exceeds +1 standard deviation.
See how on the chart that other than the early morning and late day volume, there are clearly key moments in the day at 7am,...
█ OVERVIEW
The indicator analyses the volatility and reports statistics by the time of day.
█ CONCEPTS
Around the world and at various times, different market participants get involved in the markets. How does this affect the market?
Knowing this gets you better prepared and improves your trading. Here are some ideas to explore:
When is the...
As the name says this is a straightforward way to highlight the times of day that you are interested in studying.
Like to trade just a market open, or highlight a full session?
Could also be used negatively to "block out" a window of time each day.
Usage:
Just set your preferred time zone and then your time window (start and end).
Hope you find it useful! 😁
