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EFS on time & trading cycle

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  • EFS on time & trading cycle

    Hi:
    I looked up if there are any efs on time and the e-mini and I did not see anything. As an ex-floor trader and human, I notice I have habits and a body cycle. For example, I used to have lunch, or desire to have a break every trading day around 10:30 am CST. I would have started working around 7 so by 10:30, I would have 3 1/2 hours of intense work in by 10:30. My appetite for trading versus doing something else, declined at 10:30 and it did not reemerge till around 1:30.
    So....
    Can an efs be created around these assumptions:
    1. 8:30 to 10:30 - peak trading time (Green)
    2. 10:30 to 1:30 - midday break (Yellow) -trade minimum size
    3. 1:30 to 2:45 - close setup (Green)
    4. 2:45 to 3:15 Close (Red) Commericals and Floor as facilitiators own this period.

    Any thoughts commends, or efs are appreciated

    Harndog

  • #2
    Harndog
    Attached is an efs that will paint the background in the colors you indicated.
    The efs is set up as an indicator in its own pane but it was created using only the Formula Wizard so it is very easy to change it to anything else you may want (ie price study, paintbar study, etc)
    Alex

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    • #3
      Thank you, Alex

      Alex:
      Again, thank you for your help.

      Do you you or anyone else have a comment on the daily time cycle or is just self evident?

      Harndog

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