Analyze the intraday behavior of any market.

Detect and exploit recurrent patterns of variability (price, volume, volatility, risk etc.) in intraday data.

Intraday Profile™ - detect and exploit recurrent patterns of variability in market data, visualize the intraday characteristics of your market

Analyze the intraday behavior of any market, decipher intraday price action and exploit recurrent patterns of variability (price, volume, volatility, risk etc.) in intraday data.

Before you can design a trading system or place a trade, you need to understand how the market you're trading behaves.

Arm yourself with stats you can build on. This smart quantitative tool has been developed by Weiss & Quast, a Financial Industry Consulting group with more than 25 years in business.

Each market has it's intraday price characteristics you as short-term trader can use to improve your strategies.

Visualize how the market and indicators are evolving over the day and whether they show recurrent patterns:

• VolaRisk:
  
  VolaRisk is our proprietary trading risk indicator, comparing the short-term trading risk with the longer-term trading risk.
  The average range of the last x bars is being compared with the range ( HH-LL) over x bars

  Example (see image above):

  When the timescale is set to 5-min bars and volarisk is set to 12,then the range (highest high ./. lowest low ) of the past 60 minutes (12*5 min) is compared to the average range of the last 12 5-min bars.

  Values > 0: Short-term trading is more risky and less profitable. The average 5-min bar range is below comparable long term volatility
  Values < 0: Short-term trading is less riskier and more profitable.The average 5-min bar range is above comparable long term volatility .

•  Other indicators:

  • Volume & Money Flow (MFI)
  • Volatility: Range, Average true Range, Standard Deviation.
  • Moving averages: MACD
  • Price changes: Momentum, Rate Of Change
  • Oscillators: CCI, RSI, Stochastics, ZScore, ADX, DMI
  • Linear Regression slope
  • Any other indicator or function of your choice

Yellow histogram or line: current values of the day for each time period (e.g. 5-min bar)

Red line: Average value of the past (e.g. 20) days for the same time bar

Green dots: Maximum value for this time bar during the observation window (e.g. 20 days)

Cyan dots: Minimum value for this time bar during the observation window (e.g. 20 days)

Examples: ES (S&P 500 Futures), Interval: 5-Minute-Bars (288 bars per day), averages calculated for 20 days:

Volume

MFI (Money Flow Index)

Volatility

The market is the most volatile in the morning, during lunchtime in Chicago, the average range decreases to its lowest levels, following lunch, the average ranges increase.

ATR (Average True Range)

Range (High-Low)

Standard Deviation (13)

VolaRisk (12)

CCi (13) Commodity Channel Index

Linear Regression Slope (8)

Indicator parameter settings Basic version:

price: close, weightedclose etc.

Indicator: volume, range, roc (rate of change), mom (momentum)

Indicator_length: lookback bars for your indicator

Indicator parameter settings PREMIUM version:

price: close, weightedclose etc.

Indicator: volume, range, roc (rate of change), mom (momentum), atr (Average True Range), lrs (Linear Regression slope), cci (Commodity channel index), zscore (Z-score), stoch (Stochastics), macd (Moving average convergence divergence), adx (Average directional index), dmi (Directional movement index), mfi (Mone flow index), rsi (Relative strength index), stddev (Standard Deviation)

Indicator_length: lookback bars for your indicator

MACD_fast, MACD_slow: MACD parameters

Stoch_1, Stoch_2, Stoch_3: Parameters for the calculation of stochastics

Indicator parameter settings PRO version: