(Ideal) typical weekly course of an index

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  • #80944

    Hello.

    (Ideal)typical weekly course of an index

    Is there a possibility to superimpose all historical closing prices in the last 5 years in the 5M chart from Monday with start of trading until Friday end of trading in such a way that one gets an ideal weekly price trend e.g. from the DAX?
    So something like this
    Total all closes from Monday 01.05 o’clock, divide by number
    Total all closes from Monday 01.10 o’clock, divide by number
    Total all closes from Monday 01.10 o’clock, divide by number

    Total all closes of Friday 22.00 o’clock, divide by number

    Display all results as graph

    If this succeeds, an ideal typical weekly index will be displayed. So for my sake so that one can say that the index usually falls from Monday 04.00 o’clock to Monday 08.00 o’clock, then the index usually rises until 14.00 o’clock, then comes a sideways phase until 16.00 o’clock, then it rises further until 22.00 o’clock, then sideways until 06.00 o’clock …. etc etc.

    Is it possible to program this or at least to have a graph for it?
    You could then continue working with it, calculate standard deviations, calculate vola, etc.

    Is it possible?

    #80954

    As for today, 200k bars of history, which is the maximum history we could get, gives us data from January 2016. So 5 years is not possible.

    Aside from this data limitation, I think we can build something on the principle described, I’ll see what I can do ..

    1 user thanked author for this post.
    #80983

    Thank you, man.
    The answer to the question has time.
    It doesn’t have to be 5 years. It does not have to be 5M chart. Hourly is enough actually also. 100,000 units is enough actually also. It concerns me rather whether times such an ideal-typical weekly course of prices can determine here by means of PRT. It probably makes sense to update this course over time, especially since the ratio of SL and TP to the course changes over time. 1% SL or TP 20 years ago are to be considered differently than the same SL TP today.

     

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