Day of Week - Volatility Report█ OVERVIEW
The indicator analyses the volatility and reports statistics by the days of the week.
█ CONCEPTS
On business days and weekends, different market participants get involved in the markets. How does this affect the markets during the week?
Here are some ideas to explore:
When are the best days for trading?
Which day of the week is the market the most volatile?
Should you trade on business days? Is it worth trading during the weekend?
How does this relate to your most profitable trades?
Is there a confluence with the days having the highest win rate?
Which days of the week should you stop trading?
Ethereum
USDCAD
NZDUSD
█ FEATURES
Configurable outputs
Output the report statistics as mean or median.
█ HOW TO USE
Plot the indicator and visit the 1D, 24H, or 1440 minutes 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 weeks (weekly ATR).
Trading session
The indicator analyses weekdays from the daily chart, defined by the exchange trading session (see Symbol Info).
Extended trading session
The indicator can include the extended hours when activated on the chart, using the 24H or 1440 minutes timeframe.
Overnight session
The indicator supports overnight sessions (open and close on different calendar days). For example, EURUSD will report Monday’s volatility from Sunday open at 17:00 to Monday close at 17:00.
This is a PREMIUM indicator. In complement, you might find useful my free Time of Day - Volatility Report .
Weekday
Time of Day and Day of Week Buying and Selling StrategyThis strategy allows you to back test longing or shorting or do nothing during time increments of 30 minutes for various days of the week. For example if you want to see if every Saturday if Bitcoin dropped in value from 1600-7000 UTC, this script will allow you to test that.
Make sure you are in the 30 minute time frame while viewing the performance and trade history.
Day of Week Custom Buy/Sell StrategyThis strategy was made for bitcoin and allows you to back test longing or shorting for various days of the week. The price may tend to go in one direction or another for each week day, and this strategy allows you to test days across a range of dates to capitalize on this.
Make sure you are on the daily time frame while viewing the performance and trade history to ensure the script works as intended and you have the most historical data as possible from Trading View.
Day Selectable Weekly Anchor VWAPSimple script to anchor VWAP on selected day of the week.
It is very useful when you want to anchor VWAP from a particular day instead of default Monday when you use weekly VWAP
Please note that this is a weekly VWAP and not daily or monthly vwap.
Example use case:
Lets say I want to anchor VWAP on specific day like Friday instead of Monday, I would just select the Friday from the drop down window and voila!
Weekday marker CloudFacts86 (White BG)A simple script to add a background color to each weekday for easy over time day related patern fiding on 24/7 markets.
This script is set up for a white background.
