This indicator has been made to get a statistical edge. It has two different options. Weekly High/Low or Daily High/Low
Weekly High/Low - use this on Daily Chart
This option plots a table, that shows how often the High/Low of the Week has been made on certain Days of the Week. It is possible, to only filter bullish/bearish weeks, to have more precise values.
Daily High/Low - use this on Hourly Chart
This options plots a table, that shows how often High/Low of the Day has been made on certain Hours of the Day. It is possible, to only filter bullish/bearish days, to have more precise values.
How do I use it?
Let's say you have created a daily bias. You are expecting spx500 to have a bullish day. Now you can filter bullish days in your indicator settings and then you get data, on which time of the day you have the highest chance to see the high/low of the day being created, same goes for weekly bias.
Weekly High/Low - use this on Daily Chart
This option plots a table, that shows how often the High/Low of the Week has been made on certain Days of the Week. It is possible, to only filter bullish/bearish weeks, to have more precise values.
Daily High/Low - use this on Hourly Chart
This options plots a table, that shows how often High/Low of the Day has been made on certain Hours of the Day. It is possible, to only filter bullish/bearish days, to have more precise values.
How do I use it?
Let's say you have created a daily bias. You are expecting spx500 to have a bullish day. Now you can filter bullish days in your indicator settings and then you get data, on which time of the day you have the highest chance to see the high/low of the day being created, same goes for weekly bias.
Release Notes:
now supporting full 24 hour range
Release Notes:
- added color gradients to highlight the table cells with the highest numbers