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Create a new chart with the session period you want to test against, set the historical period to the lookback period you want, and put an ATR indicator on the chart.
I have created two indicators that calculate average range and average volume for each bar over the last n weeks. The result is displayed as a specific profile for each day of the week.
For example, if you have a 30 minutes chart of ES and look at the opening period between 8:30 amd 9:00 AM CT for yesterday (Friday January 21), the indicators will display the average volume and average range of the last 20 Fridays for this bar. You can increase the lookback period, which will make the indicator use a little bit more time to perform the calculations. The indicator should correctly address daylight savings times issues for instruments traded in all timezones.
Each instrument has its specific times, when it can be traded, and also has its times, when trading does not pay off. The question is. how to determine the optimal trading times?
Each instrument has its specific times, when it can be traded, and also has its times, when trading does not pay off. The question is. how to determine the optimal trading times?
