Nambou Day Odds: Is the High of the Day Already In?
Every intraday trader asks it, NQ and ES scalpers most of all: is that the high of the day, or is there more to come? Day Odds answers with a number. It looks at every past day on your chart, finds the ones that looked like today at this hour, and tells you how often their high (and low) was already in 📡
🎯 What it does
For today's high and today's low, Day Odds shows the chance that it has already printed. "HIGH IN 17%" means that on past days in the same spot, the high was still to come more than four times out of five. "LOW IN 80%" means the low held on four days out of five.
The odds come from two things: the hour of the trading day, and how far price has come back from the high (or up from the low), measured against the average daily range. We tested other inputs too, such as how much of the daily range is already used or where price sits in the range. They added nothing, so they're not in.
👀 What you see on the chart
🔴 Today's high with its odds, and 🟢 today's low with its odds.
Tinted zones beyond them: the inner zone is where half of the similar days got to, the outer one is where four in five stopped. If most similar days never went further, no zone is drawn.
A faint box around today and each past day, so you can see where the real highs and lows ended up.
▼ and ▲ with a percentage mark the first bar each day where the odds reached 80%: a call. When the day is over, a right call takes the side's colour and a wrong one turns grey, so you can check them yourself.
📊 The honest table
"Right now" shows the live odds and how many past days they rest on.
"Right on past bars" scores the indicator on every past bar: did the side the odds favoured actually happen? Next to it, "hour alone" scores the simplest guess there is, using only the time of day. If Day Odds doesn't beat the hour on your symbol, the extra information isn't helping there, and that's worth knowing too.
Every day is scored only with the days before it, so the score never uses information that wasn't available at the time.
On NQ1! 1h in the picture: the high side was right 81% of the time against 76% for the hour alone, the low side 78% against 74%. Calls at 80% or more were right 87% of the time for the high and 84% for the low.
ES1! 1h: 81% against 77% for the high, 77% against 73% for the low, calls right 88% and 87%.
ETHUSDT 1h: 77% against 71%, and 75% against 69%.
Across seven FX majors over about 750 days each, Day Odds was right 80% of the time against 74% for the hour alone, and it beat the hour on every pair.
🔔 Alerts
Create an alert on the indicator with "Any alert() function call" to get a message when the high or the low is called. Each side can be switched on or off in the settings.
⚙️ Settings worth knowing
"Call it when the odds reach" sets the level for the marks and alerts (80 by default).
"Fewest past days behind a number" (20 by default): with fewer similar days, the odds fall back to the hour alone.
"Days in the average daily range" (14 by default) sets the yardstick for distances.
Works on intraday charts from 1 minute to 4 hours. The more history your chart loads, the more days the odds rest on, so 15 minutes to 1 hour is the sweet spot.
⚠️ Worth knowing
The trading day is TradingView's daily session for the symbol: the 18:00 New York open for CME futures, the 17:00 New York rollover for FX, midnight UTC for most crypto.
The live odds move while a bar is still open. Calls, marks and alerts only happen on closed bars, so nothing repaints.
Odds describe this chart's history, not a promise about today. An 80% call is wrong one time in five, and the grey marks show exactly when.
This is a charting tool, not financial advice.
🎯 What it does
For today's high and today's low, Day Odds shows the chance that it has already printed. "HIGH IN 17%" means that on past days in the same spot, the high was still to come more than four times out of five. "LOW IN 80%" means the low held on four days out of five.
The odds come from two things: the hour of the trading day, and how far price has come back from the high (or up from the low), measured against the average daily range. We tested other inputs too, such as how much of the daily range is already used or where price sits in the range. They added nothing, so they're not in.
👀 What you see on the chart
🔴 Today's high with its odds, and 🟢 today's low with its odds.
Tinted zones beyond them: the inner zone is where half of the similar days got to, the outer one is where four in five stopped. If most similar days never went further, no zone is drawn.
A faint box around today and each past day, so you can see where the real highs and lows ended up.
▼ and ▲ with a percentage mark the first bar each day where the odds reached 80%: a call. When the day is over, a right call takes the side's colour and a wrong one turns grey, so you can check them yourself.
📊 The honest table
"Right now" shows the live odds and how many past days they rest on.
"Right on past bars" scores the indicator on every past bar: did the side the odds favoured actually happen? Next to it, "hour alone" scores the simplest guess there is, using only the time of day. If Day Odds doesn't beat the hour on your symbol, the extra information isn't helping there, and that's worth knowing too.
Every day is scored only with the days before it, so the score never uses information that wasn't available at the time.
On NQ1! 1h in the picture: the high side was right 81% of the time against 76% for the hour alone, the low side 78% against 74%. Calls at 80% or more were right 87% of the time for the high and 84% for the low.
ES1! 1h: 81% against 77% for the high, 77% against 73% for the low, calls right 88% and 87%.
ETHUSDT 1h: 77% against 71%, and 75% against 69%.
Across seven FX majors over about 750 days each, Day Odds was right 80% of the time against 74% for the hour alone, and it beat the hour on every pair.
🔔 Alerts
Create an alert on the indicator with "Any alert() function call" to get a message when the high or the low is called. Each side can be switched on or off in the settings.
⚙️ Settings worth knowing
"Call it when the odds reach" sets the level for the marks and alerts (80 by default).
"Fewest past days behind a number" (20 by default): with fewer similar days, the odds fall back to the hour alone.
"Days in the average daily range" (14 by default) sets the yardstick for distances.
Works on intraday charts from 1 minute to 4 hours. The more history your chart loads, the more days the odds rest on, so 15 minutes to 1 hour is the sweet spot.
⚠️ Worth knowing
The trading day is TradingView's daily session for the symbol: the 18:00 New York open for CME futures, the 17:00 New York rollover for FX, midnight UTC for most crypto.
The live odds move while a bar is still open. Calls, marks and alerts only happen on closed bars, so nothing repaints.
Odds describe this chart's history, not a promise about today. An 80% call is wrong one time in five, and the grey marks show exactly when.
This is a charting tool, not financial advice.
Trade smarter, not louder. Free signals 📈 lessons 🎓 market news 📰 👉 t.me/nambou_signals
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
Trade smarter, not louder. Free signals 📈 lessons 🎓 market news 📰 👉 t.me/nambou_signals
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.