OPEN-SOURCE SCRIPT
Normalised ATR - Configurable Session Volatility Analysis
This indicator analyzes price volatility across different trading sessions throughout the day. Here are its key features:
1. **Configurable Time Periods**
- Users can set specific date ranges for analysis
- Supports up to 12 customizable trading sessions
- Adjustable session durations (1-8 hours each)
2. **Volatility Measurements**
- Offers two calculation methods:
* Normalized Range: (High-Low)/Midpoint Price × 100 (as percentage)
* Absolute Range: Simple High-Low difference
- Tracks key statistics for each session:
* Maximum range
* Minimum range
* Average range
* 25% quartile range
3. **Statistical Analysis**
- Calculates 5th and 95th percentiles across all sessions
- Provides visual reference lines for these percentiles
- Shows detailed statistics in a color-coded table
4. **Visual Display**
- Clear tabular display of session statistics
- Color-coded for easy reading
- Plot of daily ranges with percentile bounds
- Session times displayed in UTC
This tool is particularly useful for:
- Understanding market volatility patterns across different trading sessions
- Identifying optimal trading hours
- Planning trading strategies based on historical volatility patterns
- Comparing volatility across different market periods
1. **Configurable Time Periods**
- Users can set specific date ranges for analysis
- Supports up to 12 customizable trading sessions
- Adjustable session durations (1-8 hours each)
2. **Volatility Measurements**
- Offers two calculation methods:
* Normalized Range: (High-Low)/Midpoint Price × 100 (as percentage)
* Absolute Range: Simple High-Low difference
- Tracks key statistics for each session:
* Maximum range
* Minimum range
* Average range
* 25% quartile range
3. **Statistical Analysis**
- Calculates 5th and 95th percentiles across all sessions
- Provides visual reference lines for these percentiles
- Shows detailed statistics in a color-coded table
4. **Visual Display**
- Clear tabular display of session statistics
- Color-coded for easy reading
- Plot of daily ranges with percentile bounds
- Session times displayed in UTC
This tool is particularly useful for:
- Understanding market volatility patterns across different trading sessions
- Identifying optimal trading hours
- Planning trading strategies based on historical volatility patterns
- Comparing volatility across different market periods
Script open-source
In pieno spirito TradingView, l'autore di questo script lo ha pubblicato open-source, in modo che i trader possano comprenderlo e verificarlo. Un saluto all'autore! È possibile utilizzarlo gratuitamente, ma il riutilizzo di questo codice in una pubblicazione è regolato dal nostro Regolamento. Per aggiungerlo al grafico, mettilo tra i preferiti.
Vuoi usare questo script sui tuoi grafici?
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.