The indicator analyses the volatility and reports the statistics by the days of the month.
█ CONCEPTS
The markets move every day. But how does a market move during a month?
Here are some ideas to explore:
Does the volatility kick in with the start of a new month?
Do the markets slow down at the end of the month?
Which period of the month is the most volatile?
How does this relate to your best and worst trades?
When should you take a break?
DAX
EURGBP
Binance Coin
█ FEATURES
Comparison modes Compare how each day moves relative to the monthly volatility or the average daily volatility.
Configurable outputs Output the report statistics as mean or median.
Range filter Select the period to report from.
█ HOW TO USE
Plot the indicator and visit the 1D, 24H, or 1440 minutes timeframe.
█ NOTES
Gaps The indicator includes the volatility from gaps.
Trading session The indicator analyses each day from the daily chart, defined by the exchange trading session (see Symbol Info).
Extended trading session The indicator can include the extended hours when activated on the chart, using the 24H or 1440 minutes timeframe.
Overnight session The indicator supports overnight sessions (open and close on different calendar days). For example, EURUSD will report Monday’s volatility from Sunday open at 17:00 to Monday close at 17:00.
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