OPEN-SOURCE SCRIPT
Updated Session Heatmap
Intraday Seasonality
Overview
Analyzes historical patterns by time of day. Identifies when volatility, volume, and open interest changes tend to be highest or lowest.
Features
Metrics Explained
Usage
Notes
Overview
Analyzes historical patterns by time of day. Identifies when volatility, volume, and open interest changes tend to be highest or lowest.
Features
- Multiple Metrics: TR (volatility), Volume, and Open Interest changes
- Flexible Grouping: View patterns by weekday or month to spot day-of-week or seasonal effects
- Heatmap Visualization: Blue (low) to Red (high) color scale for quick pattern recognition
- Percentile Mode: Reduces outlier impact by using 5th-95th percentile range
- Timezone Support: Display in UTC alongside your local time
Metrics Explained
- TR: Volatility - when markets move most
- Volume: Liquidity - when participation is highest
- OI Increase: When new positions are opened
- OI Decrease: When positions are closed
- OI Net: Net open interest change
Usage
- Set your timezone and preferred slot size (30min/1H)
- Choose a date range (relative or custom)
- Select a metric to analyze
- Use "Group By" to see weekday or monthly patterns
- Switch to Percentile color scale if outliers dominate
Notes
- Chart timeframe should be equal to or smaller than Slot Size
- OI metrics require Binance Perpetual symbols
- DST is not automatically adjusted; consider seasonal shifts for US/EU sessions
Release Notes
Add Feature- Current Time Highlight: Yellow text marks your current time slot
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.