OPEN-SOURCE SCRIPT
Recession And Bull Run Warning
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This script uses 2 moving averages of Unemployment and projects a possible recession period or bull run period.
A Red Dot means a recession could've started or is coming soon - markets could possibly fall for the next few months.
A Green Dot means a bull run could begin following a recessionary period - markets could possibly rally for the next few months.
Using Unemployment to define recessionary periods has been highly accurate and has very often predicted many downturns and bull runs way before they occurred, as history suggests of course.
Have fun with this indicator!
A Red Dot means a recession could've started or is coming soon - markets could possibly fall for the next few months.
A Green Dot means a bull run could begin following a recessionary period - markets could possibly rally for the next few months.
Using Unemployment to define recessionary periods has been highly accurate and has very often predicted many downturns and bull runs way before they occurred, as history suggests of course.
Have fun with this indicator!
Notes de version
Added a label which signifies the current unemployment level and the level it must reach to consistently trigger a recession or a bull run.Script open-source
Dans le plus pur esprit TradingView, l'auteur de ce script l'a publié en open-source, afin que les traders puissent le comprendre et le vérifier. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais la réutilisation de ce code dans une publication est régie par nos Règles. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.
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