Hello,
it is possible to create an indicator that analyzes and returns in the form of a frequency distribution histogram, or bar chart, the relative frequencies of the highs and lows prices of the day for each time span in which are recorded on a given instrument?
Example of the kind of information that we want to represent in the histogram: "In 2022 on 252 observations of daily maximum prices for the S&P 500 index, 56% of these maximum prices have been registered between 16:30 and 17:00. and same thing for minimums"
Would be also great:
-to have the possibility to select the width of time span, for example 30 minutes, 1-hour ecc...
-to select the amount of trading days to analyze.
Attached you will find the drawing on how I would like to see the indicator.
Regards