OPEN-SOURCE SCRIPT
PS January Barometer Backtester
PS January Barometer Backtester (PS JBB)
The PS January Barometer Backtester (PS JBB) is a simple strategy designed to test the "January Effect" hypothesis in financial markets. This effect theorizes that stock market performance in January can predict the trend for the rest of the year. The script operates on a monthly timeframe, focusing on capturing and analyzing the price movements in January and their subsequent influence on the market until the end of each year.
User Input:
January Trifecta Selectors
These are user-selectable options allowing traders to incorporate additional criteria into their market analysis.
The Santa Claus Rally refers to a stock market increase typically seen in the last week of December through the first two trading days in January.
The First Five Days Indicator assesses market performance during the initial five days of the year.
Script Operation:
The script automatically detects the start of each year, tracks January's high, and signals entry and exit points for trades based on the strategy's logic. It's an excellent tool for traders and investors looking to explore the January Effect's validity and its potential impact on their trading decisions.
In essence, the "PS January Barometer Backtester" is designed to exploit specific seasonal market trends, particularly focusing on the early part of the year, by analyzing and acting upon defined market movements. This strategy is ideal for traders who focus on yearly cyclical patterns and seek to incorporate historical trends into their trading decisions.
Note: This script is intended for educational and research purposes and should not be construed as financial advice. Always conduct your own due diligence before making trading/investment decisions.
The PS January Barometer Backtester (PS JBB) is a simple strategy designed to test the "January Effect" hypothesis in financial markets. This effect theorizes that stock market performance in January can predict the trend for the rest of the year. The script operates on a monthly timeframe, focusing on capturing and analyzing the price movements in January and their subsequent influence on the market until the end of each year.
User Input:
January Trifecta Selectors
These are user-selectable options allowing traders to incorporate additional criteria into their market analysis.
The Santa Claus Rally refers to a stock market increase typically seen in the last week of December through the first two trading days in January.
The First Five Days Indicator assesses market performance during the initial five days of the year.
Script Operation:
The script automatically detects the start of each year, tracks January's high, and signals entry and exit points for trades based on the strategy's logic. It's an excellent tool for traders and investors looking to explore the January Effect's validity and its potential impact on their trading decisions.
In essence, the "PS January Barometer Backtester" is designed to exploit specific seasonal market trends, particularly focusing on the early part of the year, by analyzing and acting upon defined market movements. This strategy is ideal for traders who focus on yearly cyclical patterns and seek to incorporate historical trends into their trading decisions.
Note: This script is intended for educational and research purposes and should not be construed as financial advice. Always conduct your own due diligence before making trading/investment decisions.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
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.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
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.