High and low statistics

17 часов назад

High/Low Pattern Analyzer (All Timeframes)

Ever wonder if there's a hidden pattern in the market?

Does the high of the week usually happen on a Tuesday?

Does the low of the month always form in the first week?

Which 15-minute candle really sets the high for the entire day?

This indicator is a powerful statistical tool designed to answer these questions by analyzing historical price action to find patterns in when the high and low of a period are formed.

The Core Idea: Daily High & Low of the Week

The simplest and most popular feature of this indicator is the "Daily high and low of the week" analysis.

What it does:
It looks back over your chosen number of weeks (e.g., the last 100) and finds out which day of the week (Monday, Tuesday, Wednesday, etc.) made the final high and which day made the final low for each of those weeks.

How to use it:

Go to the script settings.

Enable the "Daily High/Low of the Week" module.

Set your chart to the 1D (Daily) timeframe.

A table will appear on your chart (bottom-right by default) showing the exact count and percentage for each day. This lets you see at a glance if there's a strong tendency for the market you're watching.

Advanced Analysis: Other Timeframes

This script goes far beyond just the daily chart. It includes four other independent analysis modules:

1. 4-Hour High/Low of the Week

What it does: For intraday and swing traders. This module finds which 4-hour candle session (e.g., the 08:00 candle, the 16:00 candle) tends to form the high or low of the entire week.

Key Feature (DST Aware): This table is "season-aware." It knows that the 08:00 "summertime" (DST) candle is the same trading session as the 07:00 "wintertime" (STD) candle. It groups them together so your data is never split or messy.

2. Weekly High/Low of the Month

What it does: For a monthly perspective. This module finds which week of the month (Week 1, 2, 3, 4, or 5) is most likely to form the monthly high or low.

How to use: Enable it and set your chart to the 1W (Weekly) timeframe.

3. Monthly High/Low of the Year

What it does: The ultimate "big picture" view. This module finds which month (Jan, Feb, Mar, etc.) most frequently forms the high or low for the entire year.

How to use: Enable it and set your chart to the 1M (Monthly) timeframe.

The Power User Module: Custom Timeframe Analysis

This is the most powerful feature. It lets you analyze any timeframe combination you want.

What it does: It finds out which "Lower Timeframe" (LTF) candle made the high or low of any "Higher Timeframe" (HTF) you choose.

Example: Do you want to know which 15-minute candle makes the Daily high?

Set your chart to the 15M timeframe.

Go to the "Custom Timeframe Analysis" settings.

Set the "Higher Timeframe" to "1D".

The script will draw a "season-aware" table (just like the 4H module) showing you the exact 15-minute candles (09:15, 09:30, etc.) that are statistically most likely to form the day's high or low.

Other Features

Show Labels: Each module has an option to "Show labels," which will draw a label (e.g., "Daily High of the Week") directly on the chart at the exact bar that made the high or low.

Custom Dividers: Each module has its own optional, color-customizable divider (e.g., weekly, monthly) that you can toggle on to see the periods more clearly.

Clean Settings: All modules are disabled by default (except for "Daily") to keep your chart clean. You only need to enable the specific analysis you want to see.

This tool was built to turn your curiosity about market patterns into actionable, statistical data. Enjoy!

16 часов назад

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