Trade-o-Scope: Highlight IntervalsTrade-o-Scope team presents the Highlight intervals indicator.
Highlight intervals is a simple yet powerful indicator that helps highlight adjustable time intervals on the chart.
Overview and functionality:
You can define time intervals at three different levels: Month, Day of the Week, and Day of the Month. The indicator will then highlight intervals at the intersection of these levels.
By default, the indicator will use the exchange timezone, but you can easily switch to any timezone that suits you best.
You can activate an info-panel about the type of asset displayed on the chart and the timezone used by the exchange.
You can select your preferred color for highlighting intervals.
With Highlight intervals, you're equipped to visualize and focus on the intervals that matter most to you while seeking alpha!
How it works:
You define which bars will be highlighted by configuring the indicator settings. These settings revolve around the time intervals and may combine:
Months: Jan, Feb, Mar, Apr, May, Jun, Jul, Aug, Sep, Oct, Nov, Dec
Days of Month: 1 - 31
Days of Week: Mon, Tue, Wed, Thu, Fri, Sat, Sun
Example:
In the attached chart you can see an example where the time intervals are highlighted according to such a configuration:
Months: Feb, Mar
Days of Month: 1 - 15
Days of Week: Mon - Fri
Intervals
Exponential Least Squares Moving AverageModified LSMA (Least Squares Moving Average) to use exponential rates of growth instead of linear regression. Inputting a number into the confidence interval allows the user to have set percentage of statistical guarantee based on past movement. To set this percentage of guarantee (Default set to 97.5%), refer to the input values below:
0.000 = 50%
0.255 = 60%
0.525 = 70%
0.835 = 80%
1.040 = 85%
1.285 = 90%
1.645 = 95%
1.960 = 97.5%
2.330 = 99%
