OPEN-SOURCE SCRIPT
Correlated asset and Daye's Quarterly Theory
This indicator is based on the Quarterly Theory concepts from Daye. You can find him mainly on X as traderdaye.
It works on a new panel and the quarters will be drawn over the chart of the correlated that you set on its settings.
You can use every asset to compare with the main one to make easier to find divergences between days, sessions and 90 minutes cycles.
In different timeframes, the indicator could show more or less information about quarters, but will always show the compared asset one. This is due to limitations of the candles start (for example, the Session's Q2 open won't be shown on an hourly chart because it starts after 30 minutes of candle's open).
What can this indicator do for you?
- Show the correlated asset chart.
- Show daily, session and 90 minutes cycle boxes.
- Show Midnight and every session's Q2 open.
- Make easier for the trained eye to determine if the model is AMDX or XAMD, find PO3, turtle soups, SMT divergences, etc.
Do you have any suggestion? Please, leave it on the comments. I'll try to improve this indicator regularly.
It works on a new panel and the quarters will be drawn over the chart of the correlated that you set on its settings.
You can use every asset to compare with the main one to make easier to find divergences between days, sessions and 90 minutes cycles.
In different timeframes, the indicator could show more or less information about quarters, but will always show the compared asset one. This is due to limitations of the candles start (for example, the Session's Q2 open won't be shown on an hourly chart because it starts after 30 minutes of candle's open).
What can this indicator do for you?
- Show the correlated asset chart.
- Show daily, session and 90 minutes cycle boxes.
- Show Midnight and every session's Q2 open.
- Make easier for the trained eye to determine if the model is AMDX or XAMD, find PO3, turtle soups, SMT divergences, etc.
Do you have any suggestion? Please, leave it on the comments. I'll try to improve this indicator regularly.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.