The day comparer

ADR target bands | Big candles | Coloured moving average | Daily market heatmap | Day comparer | Day delineation | Displaced chart | Displaced moving average | Hikkake pattern | Hourly volatility histogram (HVH) | Inside bars or candles | Inventory retracement bar (IRB) | One day reversal pattern | Point in time | WL bars |

This excellent tool allows traders to visualise and compare daily market movements. The time frame of the main chart must be less than one day. 15 minutes is often used but all time frames are possible.

The advantages of the Day Comparer are:

Traders can compare the relative size of market movements.
Traders see the size of the opening gaps.
Traders see how the (intra-day) volatility evolves.
Traders see how the market evolves during the day and over time.
Traders can compare selected periods of every trading day.

This example shows the Day Comparer for the DAX market index. The time frame is 30 minutes. Notice how the different days can be easily visually compared.

Compare daily percentage changes on the DAX.

This example shows eight days on the S&P 500 CFD, which is quoted 24h/24. The time frame is 15 minutes.

Compare daily percentage changes on the S&P 500 market index.

This example shows the same eight days on the S&P 500 but set to display only the US stock market hours (15h30 – 22h00). The trader can choose which periods of the day he compares.

Compare S&P 500 trading days.

This example shows again the S&P 500. The time frame is 15 minutes. This trader compares only the first two trading hours of every day (15h30 – 17h30).

Trading during the first market hours.

This example shows the EUR/USD forex pair. The time frame is 15 minutes. The EUR/USD forex pair trades 24h/24.

Compare trading days on the EUR/USD forex pair.

Some traders use these relative size charts to trade on!