gb50k

After Hours Daytime - Consistency


Use only on Daily charts!!

When average AH moves are consistent with average daytime moves it tends to indicate a trend. The phenomenon is not obvious on a day to day basis but is easy to see with the smoothed changes.

Blue is smoothed daytime change and black is smoothed AH gap. The length is how many periods back to start the differentiation between AH and daytime.

Pink background shows BOTH smoothed AH and daytime changes are falling.
Lime background indicates both are rising.

When used on NYA             with parameters shown the indicator give warnings with high specificity and reliability for the broader
Remove from Favorite Scripts Add to Favorite Scripts
study(shorttitle="AHvsID1", title="AHvsID1", overlay=true)
//
//Works only on DAILY CHARTS
//Aqua line is intraday contribution
//Black line is overnight gap
//Length: The reference date at which daytime and AH start at equality.

length = input(20, "Length", minval=1)
smooth = input(40, "SMA",minval=1)
src = close
sro = open
src1 = src[1]
intrad=src-sro
co=cum(intrad)
AH=sro-src1
oc1=cum(AH)
summ=co+oc1
offst1=co[length]-close[length]
offst2=oc1[length]-close[length]
IDC=sma(co-offst1,smooth)
AHC=sma(oc1-offst2,smooth)
plot(IDC, color=aqua,linewidth=3)
plot(AHC, color=black, linewidth=3)
bgcolor(change(IDC) < 0 and change(AHC) < 0 ? fuchsia : change(IDC) > 0 and change(AHC) > 0 ? lime : white, transp=90)
Subjected to whipsaw
Reply
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out