Years ago I did an analysis of my trades. Every period of the day was profitable except for two. From 10:00-1030, and 1:00 to 1:30. (I was actively Day Trading Futures) Imagine a vertical graph broken down in to 30 minute time segments. I had nice Green bars in every time slot (Showing Net Profits), and HUGE Red Bars from 10 to 10:30 and 1 to 1:30. After analysis I found I made consistent profits at session open, but then I would enter in to bad setups around 10 to make more money. I also found after I took lunch when I came back at 1:00 I would force trades instead of patiently waiting for a great trade setup. I created an indicator that plotted a red background around those times telling me I was not allowed to enter a trade. Profits went up!!! Details on How to adjust times are in 1st Post. You can adjust times and colors to meet your own trading needs.
Really nice mate sometimes forget it's heading to lunch time and get into messy setups.
vaibhavi13
⋅
hi Sir,
Does it suit to Nifty 50 Index because our trading time starts at 9.15am & ends at 3.30pm.How can I adjust the time please reply to my mail id anandbhujang@gmail.com or you can reply to my comment here also.
thanks
Is it possible to change the colored in areas to plot dotted vertical lines instead? @ChrisMoody
warhog
⋅
@AlexMihail, you should just modify the pine script yourself - it's not difficult.
pezq
⋅
Hi Chris, I love your work and am very interested in creating different chart looks. I have a few myself that look as if they have potential and will forward them to you. In the meantime I have a request. Could you modify the standard linear regression indicator that we get on tradingview such that the base line changes colour depending on whether it is pointing up or down? Thanks for all the interesting charts you have created.
ChrisMoody
⋅
Linear Regression Lines isn't a indicator we have access to yet. It's coming in a upcoming release...Then it shouldn't be a problem
blair_trader
⋅
What platform do you use? With all of your indicators, are they easily adopted on think or swim?
ChrisMoody
⋅
Thats a simple bud loaded question for me...I own about every platform there is. I primarily use MultiCharts and Multicharts.net...those are the professional and institutional grade platforms produced by the creators of TradingView. Both retail for $1500 a piece...I've had TOS since Tom Sosnoff released it. I trade options through that platform but don't use it for charting due to many limitations...however for free it's a great platform. If your a TOS fan I can't recommend enough paying for the top level of thinkscripter.com...the creator is the #1 developer for TOS and with the paid subscription he gives you all of the indicators/systems he's created. The forum has extremely talented programmers and pretty much every indicator you could want is already been produced on the paid forum...or people will gladly help you customize....
If your looking for specific charting features let me know and i can pint you in the right direction. However...I can assure you with the upgrades TradingView has planned over the next 3-6 months this platform will give you more features than other platforms.