I've never heard of it (doesn't mean it's not possible of course).
I presume by "news releases" you're talkin about scheduled data releases (e.g. CPI, NFP, PPI, etc.) and if that's the case, one thing you could do, given that they tend to come always at the same time, is to plot specific vertical lines at pre-defined intervals.
Popular US data releases come at 13:30 and 15:00 (UK time) for example, and European ones can vary but it's usually between 7 and 10 am). Also most UK ones are at 9:30 for instance.
Hope it helps.
If I flip a coin 1,000,000 times, what are the odds of me wasting my time?
Yes you can. On my phone so can't search for you. Try searching FIO for economic news release indicators. You will find several threads on it. I recall that @sharmas is using it. Have a look at his journal.
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Prediction is very difficult, especially about the future - Niels Bohr, Danish Physicist
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