Overnight vs Intra-day Performance

█ STRATEGY OVERVIEW
The "Overnight vs Intra-day Performance" indicator quantifies price behaviour differences between trading hours and overnight periods. It calculates cumulative returns, compound growth rates, and visualizes performance components across user-defined time windows. Designed for analytical use, it helps identify whether returns are primarily generated during market hours or overnight sessions.

█ USAGE
Use this indicator on Stocks and ETFs to visualise and compare intra-day vs overnight performance

█ KEY FEATURES

Return Segmentation: Separates total returns into overnight (close-to-open) and intraday (open-to-close) components
Growth Tracking: Shows simple cumulative returns and compound annual growth rates (CAGR)

█ VISUALIZATION SYSTEM
1. Time-Series

Overnight Returns (Red)
Intraday Returns (Blue)
Total Returns (White)

2. Summary Table

Displays CAGR

3. Price Chart Labels

Floating annotations showing absolute returns and CAGR
Color-coded to match plot series

█ PURPOSE

Quantify market behaviour disparities between active trading sessions and overnight positioning
Provide institutional-grade attribution analysis for returns generation
Enable tactical adjustment of trading schedules based on historical performance patterns
Serve as foundational research for session-specific trading strategies

█ IDEAL USERS
1. Portfolio Managers

Analyse overnight risk exposure across holdings
Optimize execution timing based on return distributions

2. Quantitative Researchers

Study market microstructure through time-segmented returns
Develop alpha models leveraging session-specific anomalies

3. Market Microstructure Analysts

Identify liquidity patterns in overnight vs daytime sessions
Research ETF premium/discount mechanics

4. Day Traders

Align trading hours with highest probability return windows
Avoid overnight gaps through informed position sizing

Notas de Lançamento

Added average returns and percent positive

Script de código aberto

Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.

Botnet101

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Script de código aberto

Botnet101