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Quarters

Daye Quarterly Theory by toodegrees> Introduction and Acknowledgements The Daye Quarterly Theory° tool encompasses the cyclical Time aspect of the markets as studied and developed by Daye (traderdaye on Twitter). I am not the creator of this Theory, and I do not hold the answers to all the questions you may have; I suggest you to study it from Daye's tweets and material. I collaborated directly with Daye to bring a comprehensive Time tool to Tradingview. S/O to @a1tmaniac and @joshuuu for their previous works on this Theory. > Tool Description This is purely a graphical aid for traders to be able to quickly determine Daye's Quarterly Cycles, and save Time while on the charts. The disruptive value of this tool is that it reliably plots forwards in Time, allowing you to strategize and tape read efficiently; as well as calculating all the Cycles, from Micro Sessions, to the Year. 
> Quarterly Theory by Daye The underlying idea is that Time is to be divided in Quarters for correct interpretation of Market Cycles. The specific starting point of a Cycle will depend on the Timeframe at hand.
 Daye being one of the most prominent Inner Circle Trader students, these ideas stem from ICT's concepts themselves, and are to be used hand in hand (PD Array Matrix, PO3, Institutional Price Levels, ...). These Quarters represent: 
A - Accumulation (required for a cycle to occur) 
M - Manipulation 
D - Distribution 
X - Reversal/Continuation The latter are going to always be in this specific sequence; however the cycle can be transposed to have its beginning in X, trivially followed by A, M, and finally D. This feature is not automatic and at the subjective discretion of the Analyst. Note: this theory has been developed on Futures, hence its validity and reliability may change depending on the market Time. This tool does provide a dynamic and auto-adapting aspect to different market types and Times, however they must be seen as experimental. > Quarterly Cycles The Quarterly Cycles currently supported are: Yearly, Monthly, Weekly, Daily, 90 Minute, Micro Sessions. – Yearly Cycle: Analogously to financial quarters, the year is divided in four sections of three months each Q1 - January, February, March Q2 - April, May, June (True Open, April Open) Q3 - July, August, September Q4 - October, November, December Note: this Cycle is the most difficult to optimize as Timeframes become more granular due to the sheer length of its duration. With Time and advancements it will become more accurate. This is the only Cycle for which accuracy is not 100%. – Monthly Cycle: Considering that we have four weeks in a month, we start the cycle on the first month’s Monday (regardless of the calendar Day). Q1 - Week 1, first Monday of the month Q2 - Week 2, second Monday of the month (True Open, Daily Candle Open Price) Q3 - Week 3, third Monday of the month Q4 - Week 4, fourth Monday of the month – Weekly Cycle: Daye determined that although the trading week is composed by 5 trading days, we should ignore Friday, and the small portion of Sunday’s price action. Q1 - Monday Q2 - Tuesday (True Open, Daily Candle Open Price) Q3 - Wednesday Q4 - Thursday – Daily Cycle: The Day can be broken down into 6H quarters. These Times roughly define the sessions of the Trading Day, reinforcing the Theory’s validity. Q1 - 18:00 - 00:00, Asian Session Q2 - 00:00 - 06:00, London Session (True Open, Midnight New York Time) Q3 - 06:00 - 12:00, NY Session Q4 - 12:00 - 18:00, PM Session Note: these Times are based on Futures Trading in New York Time, these will vary depending on the market type (experimental). – 90 Minute Cycle: Merely dividing one of the Daily Cycle’s Quarters we obtain 90 minute quarters. The first one in a Trading Day – 90min Cycles of the Asian Session – follows as an example, in New York Time. Q1 - 18:00 - 19:30 Q2 - 19:30 - 21:00 (True Open) Q3 - 21:00 - 22:30 Q4 - 22:30 - 00:00 – Micro Cycle: Lastly, dividing a 90 Minute Cycle yields 22.5 Minute Quarters, known as Micro Sessions. An example breaking down the 90 Minute Cycle from 18:00 to 19:30 follows. Q1 - 18:00 - 18:22:30 Q2 - 18:22:30 - 18:45 (True Open) Q3 - 18:45 - 19:07:30 Q4 - 19:07:30 - 19:30
 Note: trivially, these may not be exact unless the Timeframe is in the seconds, to correctly account for the half minute in each quarter – this said the tool is able to plot these anyways, although slight inaccuracy needs to be taken account depending on the Timeframe. 
It is important to remember and be aware that the current chart’s Timeframe will heavily impact the plotted Time Cycles. This tool is in its initial form and it will be improved and adapted as traders start using it on a daily basis. > Tool Settings Plot Settings: "Plot Type" will allow you to decide how the Cycles will be displayed. Out of the box the tool will be plotted on a separate pane, at the bottom of the chart; you can decide the orientation of the cycles from longest cycle at the bottom (Bottom Pane), or top (Top Pane). Alternatively you can move the tool to the chart and have the cycles plot on price (Move To -> Existing Pane Above), specifically above price (Top), or below (Bottom). The cycles will auto adjust their position based on the visible price action. "Historical Cycles" will show previous Historical Cycles, up to where available in terms of script memory. "Plot Size" will allow you to vary the height of the Cycle’s boxes "Show Labels" will give you an auto-adapting legend which will help you determine which Cycle is which if you get lost. 

The remaining Settings are self explanatory, allowing you to change colors, and choose which Cycles to see. The source of the code is hidden due to the use of private libraries of mine. Happy to answer any questions in terms of code, where I will not be able to divulge any detail that concerns said libraries. Thank you for understanding! Major thanks to Daye for his Time and Knowledge, it was a pleasure to collaborate and work together on this tool. GLGT!
Pine Script™ indicator
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93
Quarterly Cycles [Daye's Theory]This is entirely based on quarters theory by Daye (@traderdaye in Twitter). I'm merely the creator of the indicator and full credits for the underlying concept goes to Daye. The idea is to split year, month, week and day into quarters at specific times which lead to PO3 (Accumulation-Manipulation-Distribution) cycles within those quarters. They present in one of these two forms: Q1. (A)ccumulation - Consolidation Q2. (M)anipulation - Judas Swing Q3. (D)istribution - Low Resistance Liquidity Run Q4. (X) - Continuation/Reversal of previous quarter (OR) Q1. (X) - Continuation/Reversal of previous quarter Q2. (A)ccumulation - Consolidation Q3. (M)anipulation - Judas Swing Q4. (D)istribution - Low Resistance Liquidity Run As of now, the indicator assumes everything as AMDX, but if some clever idea comes in the future, I'll try to implement XAMD as well. Similar to True Day Opens, there are True Monthly Opens, True Weekly Opens and True Session Opens, all of which form during the second quarters of those periods, all of which are marked by the indicator. For timeframes in H1 and below, the indicator shows weekly, daily and session quarter cycle phases. For higher timeframes, it shows yearly, monthly and weekly cycle phases.
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Round Numbers and Quarter LevelsThis script is based on "Round Numbers Above and Below" by BitcoinJesus-Not-Roger-Ver, but unlike this script that only shows "Round Numbers" levels, my script also shows "Quarter Number" levels like 25 and 75 that are very important for those who follow the quarters theory. Also the original script doesn't have different colors for different levels while my script has different colors and different styles for every level, this way it will be much easyer to recognize the levels at first sight. Finally the origianl script only works with Forex while my script also works with indexes like SP500 and others. Round Numbers are very important psychological levels in trading but also quarters levels (25 and 75) have a huge importance, so I created this script that shows all these levels with different colors and different lines style. You can edit the color and the style of the lines as you wish and you can add all the levels you want. In 1 hour chart 4 levels is usually enough but if you watch a daily chart then 8 levels is way better. Features: Personalize color to 00 round levels Personalize color to 50 round levels Personalize color to Quarters levels Personalize line style to 00 round levels Personalize line style to 50 round levels Personalize line style to Quarters levels Choose number of lines above and below price level (4 is default)
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MTF High and Low FractionsMTF High and Low Fractions Description An experimental script that prints 1/3, 1/4 and 1/8 levels of the previous timeframe's high and low to the current timeframe. The idea is quite simple. It mirrors the the previous high and low with user selected levels. The default setting is the previous daily high and low but can be customized on user discretion. New levels are printed after the close of the previous timeframe and open of the new timeframe (user's timeframe setting). How To Use Levels should not be used blindly. Levels can be used as confluence when aligned with high probability supply and demand zones, support, resistance, order blocks, and so on.
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MTF previous high and low quarter levelsDescription An experimental script that prints quarter levels of the previous timeframe's high and low to the current timeframe. The idea is quite simple and is basically the Fibonacci pivoted on the previous high and low with quarter level settings (0,0.25,0.5,0.75,1 etc). The default setting is the previous daily high and low but can be customized on user discretion. New quarter levels are printed after the close of the previous timeframe and open of the new timeframe (user's timeframe setting) How To Use Levels should not be used blindly. Levels can be used as confluence when aligned with high probability supply and demand zones, support, resistance, order blocks, and so on. Credit to @HeWhoMustNotBeNamed for the Previous High/Low MTF indicator code and @mrbirman for the idea to put this together.
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Quarters TheoryThis indicator helps you to put Quarter Theory lines on your chart. It's defaults are meant for EURUSD , but you can change it for other charts. There are 16 lines in this indicator. For EURUSD recommended settings right now are: Starting Price (Bottom):1.12 and Gap: 0.0025 USDCAD: Starting Price (Bottom):1.315 and Gap: 0.005 EURAUD: Starting Price (Bottom):1.59 and Gap: 0.005 USDJPY: Starting Price (Bottom):107 and Gap: 0.5 USDCHF: Starting Price (Bottom):0.97 and Gap: 0.0025 BTCUSD: Starting Price (Bottom):3200 and Gap: 100 XAUUSD: Starting Price (Bottom): 1230 and Gap: 5 These settings are the ones I use, but you could find better settings for yourself. Works very well on JPY pairs.
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