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Timeofday

Tops & Bottoms - Time of Day Report█ 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. They are equally crucial when exiting a position, as they will determine if you are closing at the optimal price or seeing your unrealized profits vanish. This indicator is before all for educational purposes. It aims to make the knowledge available to all traders, facilitate understanding of the various markets, and ultimately get to know your trading pairs by heart. Tops and bottoms percentage of occurrence on EURGBP (London time). Up days versus down days on EURUSD (London time). █ FEATURES Selectable time zones Present the column chart in your local time zone (or other market participants). Configurable time range filter Select the period to report from. Day type filter Analyze all days, or filter only up days or down days. █ HOW TO USE Plot the indicator and visit the 1-hour or 30-minute timeframe. █ NOTES Timeframe choice The 1-hour timeframe produces a higher number of days sampled. Prefer the usage of the 30-minute timeframe when your market starts at 9:30 AM. Daylight Saving Time (⁣DST⁣) The exchange time and geographical time zone options may observe Daylight Saving Time, unlike UTC+0.
Pine Script® indicator
by sbtnc
22
High of Day Low of Day hourly timings: Statistics. Time of day %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' from 0-23. Frequencies and Percentages are then calculated and printed/tabulated based on the full asset history available. //User Inputs: -Timezone (default is New York); important to make sure this matches your chart's timezone -Day start time: (default is Tradingview's standard). Toggle Custom input box to input your own custom day start time. -Show/hide day-start vertical lines; show/hide previous day's 'HoD hour' label (default toggled on). To be used as visual aid for setting up & verifying timezone settings are correct and table is populating correctly). -Use historical start date (default toggled off): Use this along with bar-replay to backtest specific periods in price (i.e. consolidated vs trending, dull vs volatile). -Standard formatting options (text color/size, table position, etc). -Option to show ONLY on hourly chart (default toggled off): since this indicator is of most use by far on the hourly chart (most history, max precision). // Notes & Tips: -Make sure Timezone settings match (input setting & chart timezone). -Play around with custom input day start time. Choose a 'dead' time (overnight) so as to ensure stats are their most meaningful (if you set a day start time when price is likely to be volatile or trending, you may get a biased / misleadingly high readout for the start-of-day/ end-of-day hour, due to price's tendency for continuation through that time. -If you find a time of day with significantly higher % and it falls either side of your day start time. Try adjusting day start time to 'isolate' this reading and thereby filter out potential 'continuation bias' from the stats. -Custom input start hour may not match to your chart at first, but this is not a concern: simply increment/decrement your input until you get the desired start time line on the chart; assuming your timezone settings for chart and indicator are matching, all will then work properly as designed. -Use the the lines and labels along with bar-replay to verify HoD/LoD hours are printing correctly and table is populating correctly. -Hour 'buckets' represent the start of said hour. i.e. hour 14 would be populated if HoD or LoD formed between 14:00 and 15:00. -Combined % is simply the average of HoD % and LoD %. So it is the % likelihood of 'extreme of day' occurring in that hour. -Best results from using this on Hourly charts (sub-hourly => less history; above hourly => less precision). -Note that lower tier Tradingview subscriptions will get less data history. Premium acounts get 20k bars history => circa 900 days history on hourly chart for ES1! -Works nicely on Btc/Usd too: any 24hr assets this will give meaningful data (whereas some commodities, such as Lean Hogs which only trade 5hrs in a day, will yield less meaningful data). Example usage on S&P (ES1! 1hr chart): manual day start time of 11pm; New York timezone; Visual aid lines and labels toggled on. HoD LoD hour timings with 920 days history:
Pine Script® indicator
by twingall
15
Statistics: High & Low timings of custom session; 1yr historyGet 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 table stats and background highlight correctly. -For particularly long sessions, make sure text size is set to 'tiny' (very long vertical table), or adjust table to display horizontally. -You'll notice most assets show higher readings around NY equities open (9:30am NY time). Other assets will have 'hot-spots' at other times too. -Timings represent the beginning of a 15m candle. i.e. reading for 15:45 represents a high occurring between 15:45 and 1600. -Premium users should get 20k bars => around 1year's worth of data on a 15minute chart. Days of history is displayed in the top left corner of the table. //Limitations -only designed and working on 15minute timeframe (to gather a full year of meaningful/comparable % stats, need 15minute 'buckets' of time. -sessions cannot cross through midnight, or start at midnight (00:15 is ok). 00:15 >> 23:45 is the max session length. On BTC, same applies but 01:00 instead of midnight (all in NY time). -if your session crosses through 'dead time' (e.g. 17:00-18:00 S&P NY time); table will correctly omit these non-existent candles, but it will add on the missing hour before the start time. //Cautionary note: -Since markets are not uncommonly in a trending state when your defined session starts or ends, the high/low timings % readings for start and end of session may be misleadingly high. Try to look for unusually high readings that are not at the start/end of your session. Wheat (ZW1!) 15min chart; Table displayed vertically: Nasdaq (NQ1!) 15m chart; Table displayed horizontally and with smaller text to view a very long custom session:
Pine Script® indicator
by twingall
3
Volume+ (Time of Day)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, 10am, 10:30am, and 11am. See how on the second day, there were volume spikes before 10am, 10:30am and then more obviously just before 11am.
Pine Script® indicator
by Electrified
3
Time of Day - Volatility Report█ 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 market busy and quiet? What time is it the most volatile? Which pairs in your watchlist are moving while you are actively trading? Should you adjust your trading time? Should you change your trading pairs? When does your strategy perform the best? What entry times do your winners have in common? What about the exit times of your losers? Is it worth keeping your trade open overnight? Bitcoin (UTC+0) Gold (UTC+0) Tesla, ⁣Inc.⁣ (UTC+0) █ FEATURES Selectable time zones Display the statistics in your geographical time zone (or other market participants), the exchange time zone, or UTC+0. Configurable outputs Output the report statistics as mean or median. █ HOW TO USE Plot the indicator and visit the 1H timeframe. █ NOTES Gaps The indicator includes the⁣ ⁣volatility⁣⁣ ⁣ from gaps. Calculation The statistics are not reported from absolute prices (does not favor trending markets) nor percentage prices (does not depict the different periods of ⁣ ⁣volatility⁣⁣ ⁣that markets can go through). Instead, the script uses the prices relative to the average range of previous days (daily ATR). Extended trading session The script analyses extended hours when activated on the chart. Daylight Saving Time (⁣DST⁣) The exchange time or geographical time zone selected may observe Daylight Saving Time. For example, NASDAQ:TSLA always opens at 9:30 AM New York time but may see different opening times in another part of the globe (New York time corresponds to UTC-4 and UTC-5 during the year).
Pine Script® indicator
by sbtnc
2