Weekly Stacked Daily Changes [LuxAlgo]

27 nov. 2024

The Weekly Stacked Daily Changes tool allows traders to compare daily net price changes for each day of the week, stacked by week. It provides a very convenient way to compare daily and weekly volatility at the same time.

🔶 USAGE



The tool requires no configuration and works perfectly out of the box, displaying the net price change for each day of the week as stacked boxes of the appropriate size.

Traders can adjust the width of the columns and the spacing between days and weeks, options to change the color and disable the months and new month lines are also available.

🔹 Bottom Stack Bias



This feature allows traders to compare weekly volatility in two different ways.

With this feature disabled, all weeks use zero as the bottom of the stack, so traders can see at a glance weeks with more volatility and weeks with less volatility.

Enabling this feature will cause the tool to display the stacks with the weekly net price change as the bottom, so if a stack starts below the zero line it means that week has a negative net return, and if it starts above the zero line it means that week has a positive net return.

🔶 SETTINGS

• Width: Select the fixed width for each column.
  
• Offset: Choose the fixed width between each column.
  
• Spacing: Select the distance between each day within each column.
  

🔹 Style

• Bottom Stack Bias: Use weekly net price change as the bottom of the stack.
  
• Bullish Change: Color for days with positive net price change
  
• Bearish Change: Color for days with negative net price change
  
• Show Months: Under each week stack, display the month
  
• Show Months Delimiter: Display a line indicating the start of a new month