Month/Month Percentage % Change, Historical; Seasonal Tendency

19 juil. 2022

Table of monthly % changes in Average Price over the last 10 years (or the 10 yrs prior to input year).
Useful for gauging seasonal tendencies of an asset; backtesting monthly volatility and bullish/bearish tendency.

~~User Inputs~~
Choose measure of average: sma(close), sma(ohlc4), vwap(close), vwma(close).
Show last 10yrs, with 10yr average % change, or to just show single year.
Chose input year; with the indicator auto calculating the prior 10 years.
Choose color for labels and size for labels; choose +Ve value color and -Ve value color.
Set 'Daily bars in month': 21 for Forex/Commodities/Indices; 30 for Crypto.
Set precision: decimal places

~~notes~~
-designed for use on Daily timeframe (tradingview is buggy on monthly timeframe calculations, and less precise on weekly timeframe calculations).
-where Current month of year has not occurred yet, will print 9yr average.
-calculates the average change of displayed month compared to the previous month: i.e. Jan22 value represents whole of Jan22 compared to whole of Dec21.
-table displays on the chart over the input year; so for ES, with 2010 selected; shows values from 2001-2010, displaying across 2010-2011 on the chart.
-plots on seperate right hand side scale, so can be shrunk and dragged vertically.
-thanks to gabx11 for the suggestion which inspired me to write this

19 juil. 2022

Notes de version

fixed label size error

31 juil. 2022

Notes de version

added formatting options: Current month color and label size; 10yr averages label size
~note: current active month value only be fully accurate as month completes: i.e. in mid July, July value will be [June average] compared to [mid-june to mid-july average]

31 juil. 2022

Notes de version

i.e. in mid July, July value will be: June average, compared to 'mid-june to mid-july' average

2 août 2022

Notes de version

Fixed occastional double-print glitch by changing from barstate.islast to barstate.islastconfirmedhistory

13 févr. 2023

Notes de version

-includes options for Volume (sma of volume) and Volatility (bollinger band width); comparing monthly % changes. Note: volume will not work on most FX pairs (no volume data there)

19 févr. 2023

Notes de version

-Updated Cover Chart to BTC. Bitcoin is where i find this indicator more useful (due to lack of seasonal data resources available for BTC, compared to traditional commodities)

8 mars 2023

Notes de version

-added otions to toggle on/off last 10yrs; toggle on/off 10yr averages