"What is the ''best'' day to trade .. Monday, Tuesday...."
This script aims to determine if there are different results depending on the day of the week.
The way it works is by dividing data by day of the week (Monday, Tuesday, Wednesday ... ) and perform calculations for each day of the week.
1 - Objective
2 - Features
3 - How to use (Examples)
This is a modification of two scripts by RobMinty, "FXN - Asian Session Range" and "FXN - Week and Day Separator". Both scripts provide functionality to track and separate trading sessions, days, and weeks for the user. Since both scripts have the common purpose of tracking trading times, the modification was made to combine the two into one indicator.
My strategy uses a combination of three indicators MACD Stochastic RSI.
The Idea is to buy when ( MACD > Signal and RSI > 50 and Stochastic > 50) occures at the same time
This strategy works well on stocks and cryptos especially during market breaking up after consolidation
The best results are on Daily charts , so its NOT a scalping strategy. But it can...
This strategy is as simple as possible: Every Tuesday a new long trade is opened, when Monday (yesterday) closed higher than it opened the week. The strategy closes all orders when the next close is larger than the open.
This strategy does not have any other stop loss or take profit money management logic and is therefore VERY risky, because it always waits to...
This script visualizes the different time sessions during the day.
The time ranges are set to the default Frankfurt, London, NY, Sydney and Tokyo, but can be
freely modified and turned off (I personally use to display only Tokyo and NY).
If you are a day trader, e.g. you trade with the Market Makers, this tool is a "must have".
It also displays the day of the...
This shows killzone sessions for London NY, Asia sessions.
In addition to the opening hours of session, the pre-market and closing time periods are also marked with a grey color
Generally these are consided period of high activity and can experience more volatility in these periods
I also have enabled it to display the session times even on weekends. There...
Yet another sweet little tool that highlights only specific days and time.
For example, you can highlight only Tuesday's and Friday's from 0930-1600
You can adjust to any day of the week and any time of the day.
You can request more improvements upon this version. Cheers!
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A simple script to show the Fridays (Weekly Option Expiry), of course this is a basic script we can make a few more improvement.
One of many ways to utilize the "dayofweek" variable.
Currently there are no options to draw a vertical line, you can do a background color for the candle.
Future plans - Include monthly option expiry.
In this second tutorial we build upon the previous tutorial. We add color shading for each different day and highlight Wednesday.
The idea here is to manually count if on Wednesdays close is bigger then open.
Hope it helps.
Feel free to comment.