OPEN-SOURCE SCRIPT
Stocks Seasonality Gauge
The Stocks Seasonality Gauge (SSG) Indicator is meticulously engineered to assist traders in discerning the historical and current performance trends of a particular stock, leveraging a blend of historical data analysis and Exponential Moving Average (EMA) computations. Through the lens of seasonality and recent price movements, this indicator provides a rich tableau of insights to anticipate potential future performance based on past behaviors.
Key Features:
Historical Performance Analysis:
The SSG assesses the historical performance of a stock, focusing on monthly returns over a specified number of lookback years. It calculates the average performance of the current month over these years, as well as the average monthly performance for the current year to date.
Recent Price Movement Evaluation:
Delves into the recent price movements by calculating the percentage price change over specific periods (21 days and 7 days), offering a glimpse into the short-term momentum of the stock.
Exponential Moving Average (EMA) Integration:
An EMA is constructed based on the recent price changes, providing a smoothed outlook on the stock's current month's performance. This EMA can be customized through the input parameter for its length, allowing for adaptation to various trading scenarios.
Visualization:
The indicator plots three crucial lines:
The average performance of the current month over the lookback years.
The average monthly performance for the current year to date.
The EMA of the current month's performance.
A horizontal line at 0% change is also plotted as a reference point to easily gauge positive or negative performances.
User-Defined Inputs:
Traders can define the number of lookback years and the EMA length for the current month's performance, offering a degree of customization to suit individual preferences and trading strategies.
Plotting:
The visualization is designed to provide a clear, color-coded representation of the historical and current performance metrics, aiding in the rapid assimilation of information and decision-making.
The Stocks Seasonality Gauge (SSG) is a sophisticated indicator for traders keen on harnessing the power of historical performance and recent price momentum to make informed trading decisions. Its blend of seasonality analysis and EMA application makes it a robust tool for anticipating potential market behaviors and aligning trading strategies accordingly.
Key Features:
Historical Performance Analysis:
The SSG assesses the historical performance of a stock, focusing on monthly returns over a specified number of lookback years. It calculates the average performance of the current month over these years, as well as the average monthly performance for the current year to date.
Recent Price Movement Evaluation:
Delves into the recent price movements by calculating the percentage price change over specific periods (21 days and 7 days), offering a glimpse into the short-term momentum of the stock.
Exponential Moving Average (EMA) Integration:
An EMA is constructed based on the recent price changes, providing a smoothed outlook on the stock's current month's performance. This EMA can be customized through the input parameter for its length, allowing for adaptation to various trading scenarios.
Visualization:
The indicator plots three crucial lines:
The average performance of the current month over the lookback years.
The average monthly performance for the current year to date.
The EMA of the current month's performance.
A horizontal line at 0% change is also plotted as a reference point to easily gauge positive or negative performances.
User-Defined Inputs:
Traders can define the number of lookback years and the EMA length for the current month's performance, offering a degree of customization to suit individual preferences and trading strategies.
Plotting:
The visualization is designed to provide a clear, color-coded representation of the historical and current performance metrics, aiding in the rapid assimilation of information and decision-making.
The Stocks Seasonality Gauge (SSG) is a sophisticated indicator for traders keen on harnessing the power of historical performance and recent price momentum to make informed trading decisions. Its blend of seasonality analysis and EMA application makes it a robust tool for anticipating potential market behaviors and aligning trading strategies accordingly.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun das Script auch andere Trader verstehen und prüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden. Die Nutzung dieses Codes in einer Veröffentlichung wird in unseren Hausregeln reguliert. Sie können es als Favoriten auswählen, um es in einem Chart zu verwenden.
Möchten Sie dieses Skript auf einem Chart verwenden?
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.