Day of Month - Volatility Report

30 jul 2023

█ OVERVIEW

The indicator analyses the ⁣volatility⁣ and reports the statistics by the days of the month.


█ CONCEPTS

The markets move every day. But how does a market move during a month?

Here are some ideas to explore:

• Does the volatility kick in with the start of a new month?
  
• Do the markets slow down at the end of the month?
  
• Which period of the month is the most volatile?
  
• How does this relate to your best and worst trades?
  
• When should you take a break?
  

DAX


EURGBP


Binance Coin


█ FEATURES

Comparison modes
Compare how each day moves relative to the monthly volatility or the average daily volatility.

Configurable outputs
Output the report statistics as mean or median.

Range filter
Select the period to report from.


█ HOW TO USE

Plot the indicator and visit the 1D, 24H, or 1440 minutes timeframe.


█ NOTES

Gaps
The indicator includes the ⁣volatility⁣ ⁣⁣ from gaps.

Trading session
The indicator analyses each day 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.