New module added to NQ Stats
"AM TBR" - https://t.co/h7JNgxtOX8
Have been meaning to get this added to the site, just haven't had time. This is time based range data I use pretty much every day as a confluence/filter for trades taken typically before NY open.
The idea is simple, collect a rolling 20-day price distribution of the 8am-12pm time based range. If you aren't familiar with price distributions, check out that section on the site.
This rolling distro is used to get the +/- 0.25 sdev values, which are the trigger points. Which ever is hit first, either the + or - 0.25, this creates the expectation of reversion back to the TBR Open (8am open). The site provides total reversion metrics and by-the-hour metrics. I specifically focus on reversions within the first hour (8am hour), as that has the highest hit rate. MAE for reverted and non-reverted events is provided, as well as the MFE beyond the TBR Open, derived from 10yrs of data.
You will find various other data pieces on the site, but here is what it looks like on a chart. Video coming soon....