TradingView
twingall
3 juil. 2022 16:59

Average Daily Pip Ranges by month 

British Pound / U.S. DollarFOREX.com

Description

Shows historical average daily pip ranges for specific months for FOREX pairs
useful for guaging typical seasonal volatility; or rough expected daily pip ranges for different months
works on both DXY and foreign currencies
option to plot 10yrs worth of data; with 10yr average of the average daily range for specific months
cast back to any previous 10yrs of your choosing
@twingall

Notes de version

Added precision (decimal places) option. Added support for BTC, ETH, S&P, NASDAQ. Added option for user to input multiplier when the asset is not defined. Added Tooltip.
Commentaires
gabx11
Could this be used to create an average % change per month, and use this information to provide seasonal tendencies per month?
twingall
@gabx11, yes but i expect there's a more efficient method than the above for doing this.. plotting on monthly chart / monthly bars only. Maybe using ohlc4 to compare month on month? will think on it
gabx11
@twingall, You are right. It would be awesome to have seasonal tendencies of any asset using this type of tool. Cheers mate.
twingall
@gabx11, just published one for % change by month; turns out i was wrong about doing it on monthly timeframe, tradingview is buggy with referencing monthly candles, so i used the above method as basis. Thanks for the suggestion.. here it is: tradingview.com/script/gp0SHJAe-Month-Month-Percentage-Change-Historical-Seasonal-Tendency/
gabx11
@twingall, awesome, many thanks!
Plus