PROTECTED SOURCE SCRIPT
GOYD
📊 GOYD (Daily Average Percentage Change) Indicator
Created by: Emre Yavuz - emreyavuz84
This indicator calculates and displays the average daily percentage change for each day of the week. It helps traders identify which days tend to be more volatile, offering valuable insights for timing strategies and market behavior analysis.
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🔧 How It Works
Daily Percentage Change Calculation:
For each candle, the indicator calculates the percentage change using the formula:
Percentage Change = (High - Low) / Low * 100
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Day-Based Data Collection:
The script stores the daily percentage changes in separate arrays for each day of the week:
Monday → mondayChanges
Tuesday → tuesdayChanges
...
Sunday → sundayChanges
================================================================================
Average Calculation:
For each day, the script calculates the average of all recorded percentage changes. This gives a historical view of how volatile each weekday tends to be.
=================================================================================
Visual Table Display:
A table is displayed in the top-right corner of the chart, showing:
Column 1: Day of the week
Column 2: Average percentage change for that day
=================================================================================
🎯 Use Cases
This indicator is useful for:
Weekly Volatility Analysis: Identify which days are historically more volatile.
Timing Strategies: Optimize entry/exit points based on day-specific behavior.
Data-Driven Decisions: Make informed choices using historical volatility trends.
================================================================================
🎨 Customization
The table color can be customized via the _tc input parameter.
The indicator is set to display directly on the chart (overlay=true).
If you find this indicator helpful, feel free to like, comment, or add it to your favorites. Your feedback is always appreciated! 📈
Created by: Emre Yavuz - emreyavuz84
This indicator calculates and displays the average daily percentage change for each day of the week. It helps traders identify which days tend to be more volatile, offering valuable insights for timing strategies and market behavior analysis.
=================================================================================
🔧 How It Works
Daily Percentage Change Calculation:
For each candle, the indicator calculates the percentage change using the formula:
Percentage Change = (High - Low) / Low * 100
=================================================================================
Day-Based Data Collection:
The script stores the daily percentage changes in separate arrays for each day of the week:
Monday → mondayChanges
Tuesday → tuesdayChanges
...
Sunday → sundayChanges
================================================================================
Average Calculation:
For each day, the script calculates the average of all recorded percentage changes. This gives a historical view of how volatile each weekday tends to be.
=================================================================================
Visual Table Display:
A table is displayed in the top-right corner of the chart, showing:
Column 1: Day of the week
Column 2: Average percentage change for that day
=================================================================================
🎯 Use Cases
This indicator is useful for:
Weekly Volatility Analysis: Identify which days are historically more volatile.
Timing Strategies: Optimize entry/exit points based on day-specific behavior.
Data-Driven Decisions: Make informed choices using historical volatility trends.
================================================================================
🎨 Customization
The table color can be customized via the _tc input parameter.
The indicator is set to display directly on the chart (overlay=true).
If you find this indicator helpful, feel free to like, comment, or add it to your favorites. Your feedback is always appreciated! 📈
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya dengan percuma dan tanpa had – ketahui lebih lanjut di sini.
Show your piety to your god. World needs your humanity.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya dengan percuma dan tanpa had – ketahui lebih lanjut di sini.
Show your piety to your god. World needs your humanity.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.