ES 5-22-19 : Hot Topic

High Of Day (HOD)

Search Dictionary

Definition of 'High Of Day (HOD)'

High Of Day is the highest price traded at in a given day. The shorthand used for this is HOD.

The same security can have different HOD's depending on the trader's perspective. If a trader is looking at a symbol that has an RTH session as well as an Overnight Session then the HOD could be different to the HOD created by the 24-hour trading session.

The HOD and it's opposite, the Low Of Day (LOD) are important because these are the extremes of the market and being able to pre-determine and forecast either of these values will result in profitable targets or entry points. Being able to determine both LOD and HOD is extremely profitable as it would mean that your potential profit is the same as the range of the day.

Do you have a trading or investing definition for our dictionary? Click the Create Definition link to add your own definition. You will earn 150 bonus reputation points for each definition that is accepted.

Is this definition wrong? Let us know by posting to the forum and we will correct it.