I continue documenting the distribuions of the moments of time daily high and low for the popular forex pairs are achived. Some of the motivations for such type of analysis have been outlined in the first post on the topic. Availability of temporal distributions of volatility during a day (see the one for GBP/USD here) puts this type of study in a new context: significant deviation of shapes between the two distributions can be used to challenge a random walk model to reproduce the distribution of high and low on the basis of the volatility distribution.
Distribution of GBP/USD daily high and low during a day
Source: forexautomaton.com
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