Average Movement per Hour
This script shows average absolute values of the open minus close (or largest of open to high/low if option is selected), for each hour of the day. It can be used to find high and low volatility hours for strangles and butterflies.
You must have the daily time frame selected for it to work properly.
The "mul" multiplier will show "whole pips" (i.e. 10 instead of 0.0010) for those selected forex pairs. Add more to your liking, if you wish.
IMPORTANT: this script was built with Central Time USA in mind. You must alter the titles of each plot to adjust for your own time zone!
You must have the daily time frame selected for it to work properly.
The "mul" multiplier will show "whole pips" (i.e. 10 instead of 0.0010) for those selected forex pairs. Add more to your liking, if you wish.
IMPORTANT: this script was built with Central Time USA in mind. You must alter the titles of each plot to adjust for your own time zone!
Versionshinweise:
Updated coloring for easy recognition of the current hour.