Morning vs. Afternoon Ranges: A Game-Changing Trading Revelation

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Script Video Lesson: • Analyzing Afternoon vs...
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Want to learn Pine Script? Look no further. I have you covered!
This lesson breaks down my findings from a script I made to test a hypothesis suggested by ‪@smbcapital‬
With over 16 years of coding experience and 5+ years of profitable trading experience, I specialize in TradingView's Pine Script programming language and I'm here to pass on everything I've learned about both trading and coding.
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▼Timestamps▼
00:00 - Intro
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Опубликовано:

30 сен 2024

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Комментарии : 20

@TheArtOfTrading 8 месяцев назад

*SMB Capital Video:* instagram.com/smbcapital/reel/Cz9jfwRSyjy/ *Script Source Code:* courses.theartoftrading.com/pages/analyzing-afternoon-vs-morning-ranges *Script Video Lesson:* ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-MbC1kgJFtvE.html&ab_channel=TheArtofTrading

@hu5116 4 месяца назад

After thinking on this a bit, I just realized that this technique/algorithm is obvious! (everything is obvious in hind sight, isn't it). All this is is Mean Reversion! If the range is bigger in the afternoon, then there is more power/force/energy/momentum behind the eventual close of the day price. If afternoon range is large, then it means the stock has wandered in excess in the direction of the days close. When a stock is in excess, it will subsequently mean revert (come back to where it was before). So in principle, there is no mystery to this working. Of course the devil is in the details of actually figuring how to compute its effect optimally since market theory predicts the perfect market should present no arbitrage opportunities. But for big enough and fast enough swings, the market may not balance out instantly, and so this offers a mean reversion opportunity it would seem.

@MarkLapasa 3 месяца назад

Uhh... It's called profit taking, that's why there is selling down instead of buying up the next day.

@darrelspayth 8 месяцев назад

Great job! Thank you for demonstrating this and how we can use backtesting to validate other trading proverbs. I really enjoyed taking your beginner coding class where you explain everything in simple, easy to understand ways allowing me to quickly start coding my own ideas. I plan to start the Master Class as my schedule allows. -ds-

@Morris_MK 2 месяца назад

Can you upload a link to the code you used to calculate the stats?

@diegocamp1 6 месяцев назад

How to apply to Eurusd?

@Korupshenv1 5 месяцев назад

Subscribed!! 📈

@TheJenicaLyn 8 месяцев назад

Thank you for your time. I appreciate your newsletter… Great Job!

@richardwilliamsmusic 8 месяцев назад

And that doesn't include reversals right? So if it reverses and farther during PM sessoin? This is only for Trends in the same direction AM and PM?

@CryptoGrit 8 месяцев назад

amoung so many strategies and TA you found such an amazing way to trade ^^

@federicosolano3920 8 месяцев назад

Good Watch out Matt to allow for

@mknight3488 8 месяцев назад

Thanks man

@kingmonk44 8 месяцев назад

thx

@mooreMix 8 месяцев назад

What about Crypto? I am very curious if there is such a pattern in the 24-hour cryptocurrency market.

@n7ekg 5 месяцев назад

It doesn't matter what instrument.

@n7ekg 5 месяцев назад

I noticed this a while back, and have divided my RTH chart into two pieces: 9:30-12:00, and 12:00 until 17:00. If you put your VWAP/moving averages/etc. on these two different time charts, I think you're going to notice something very interesting - each session has it's own trading style.