volume and range by weekday report: what it measures and how traders use it

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the volume and range by weekday report on edgeful calculates average volume, price range, and percentage range statistics for each weekday using historical OHLC data. it processes high, low, volume, and date data to compute daily ranges and percentage ranges, then aggregates by weekday.

you get a clean view of trading patterns across days of the week.

this is one of the 150+ reports available on the edgeful platform. here's how it works, what the data shows, and how traders use it.

table of contents

  • what the volume and range by weekday report measures
  • how the calculation works
  • how traders use volume and range by weekday data
  • combining volume and range by weekday with other reports
  • key takeaways

what the volume and range by weekday report measures

the volume and range by weekday report calculates average volume, price range, and percentage range statistics for each weekday using historical OHLC data. it processes high, low, volume, and date data to compute daily ranges and percentage ranges, then aggregates by weekday.

the report is available for futures, stocks, ETFs, forex, and crypto. you can filter by ticker, session (NY, London, Asian, full globex, or custom), and lookback period (1 month to 5+ years).

how the calculation works

the volume and range by weekday report aggregates daily activity by weekday.

  • the report calculates the daily volume and daily range for every session day across the lookback period
  • it groups results by weekday (monday through friday)
  • averages are calculated per weekday for both metrics
  • comparing weekdays reveals which days produce expanded vs compressed activity
  • this gives you a statistical view of which weekdays offer the most opportunity on a given ticker

how traders use volume and range by weekday data

  • focusing trading on weekdays with historically expanded volume and range
  • reducing size or sitting out on historically compressed weekdays
  • ticker-specific calibration since patterns differ heavily by instrument
  • pairing with green/red days by weekday for directional bias on top of activity
  • risk management by knowing when chop is statistically more likely

the data doesn't tell you to trade. the volume and range by weekday report tells you the historical performance of the setup in front of you. what you do with that information is your decision.

results require customization, time, and effort. the numbers change depending on your ticker, session, and lookback period. always check the data for your specific conditions.

combining volume and range by weekday with other reports

the volume and range by weekday report works best when combined with other edgeful reports for confluence:

  • use the what's in play dashboard to see volume and range by weekday data alongside your other favorite reports in one view
  • the screener lets you scan up to 49 tickers for volume and range by weekday setups across 4 reports simultaneously
  • edgeful AI can analyze volume and range by weekday data alongside other reports and find patterns you'd never spot manually

key takeaways

  • the edgeful volume and range by weekday report measures average daily volume and range broken out by weekday
  • available for futures, stocks, ETFs, forex, and crypto with full session, ticker, and date range filtering
  • patterns are instrument-specific — always check the data for your ticker
  • part of the 150+ reports included in the edgeful essential plan ($49/month or $39/month annual)
  • works best when combined with other reports using what's in play, the screener, or edgeful AI

trading involves risk. past performance and historical data do not guarantee future results. the statistics referenced in this post are based on historical data and may not reflect future market conditions. always trade with proper risk management.

this information is not trading advice and should be used for educational purposes only. futures, options, and forex are leveraged instruments, and carry a high degree of risk. past results are not indicative of future returns. your use of the trading observations is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness, and usefulness of the information.

futures and forex trading contains substantial risk and is not for every investor. an investor could potentially lose all or more than the initial investment. risk capital is money that can be lost without jeopardising ones' financial security or life style. only risk capital should be used for trading and only those with sufficient risk capital should consider trading. past performance is not necessarily indicative of future results.

testimonials appearing on this website may not be representative of other clients or customers and is not a guarantee of future performance or success.