mortdiggiddy

Seasonality Trader

Plots the daily seasonality profile for any ticker.

This indicator:

  • Operates for any ticker. This indicator will not work properly on anything except a day chart using candlesticks , bars, or Heikin Ashi candles.
  • Any look back period (in years) is possible, as long as there is data available. This indicator will only plot values while the selected look back length is greater than the total number of years available at a given location on the chart.
  • Plots the current performance of the instrument on top of the seasonal profile. This is useful to observe how the current year's performance is unfolding against the expected seasonality profile.
  • Has the option to plot the projected price values based on the seasonality profile. This is used to demonstrate how the instrument "should perform" with real prices instead of percentages. These are simulated prices using the seasonality profile.
  • Has the option to fit the performance to the seasonality profile for easier viewing. This is especially useful when the current performance is vastly different than the expected seasonality .
  • Can plot the current seasonality profile against the current performance AND the historical seasonality profiles against the respective historical performance. This is useful to observe the seasonality evolution in the past, as the profile changes once per year.
  • Has the option to plot all FOMC dates up to 30 years in into the past.
  • Has the option to plot the next FOMC date directly on the chart at the correct future bar location.
  • Has logic for daylight savings time and leap years.

Please view the following two videos to understand more:

Introduction Part 1 - Seasonality Trader


Introduction Part 2 - Variance and Performance Scripts


Please PM me on Trading View or Telegram for access.
Nov 03
Release Notes: The companion Deviations and Performance indicators can either be added to the bottom as a non-overlay script or dragged to the main chart window and merged with the Seasonality Trader y-axis.


Seasonality examples can be found on Equity Clock, here is one for the SPX500 index, which shows the last 20 years of performance throughout the year.

https://charts.equityclock.com/sp-500-in...
Nov 04
Release Notes: Added Pearson's Correlation Coefficient with a new Input setting near the bottom of the tab. This will show the correlation (bounded between +1 and -1) of the current seasonal profile and the current ticker performance during the year.

A +1 correlation means that both are exhibiting perfect positive correlation (they are running together), while a -1 correlation means that both are exhibiting perfect negative correlation (the are running opposite).

For more information on this Wikipedia or this example.
Nov 05
Release Notes:
  • Optimized display.
Nov 07
Release Notes:
  • Updated correlation display.
Nov 25
Release Notes:
  • Fixed sampling algorithm for Pearson Coefficient.
  • Updated display.
Dec 08
Release Notes:
  • Fixed label offset issues when the performance/profile is negative.
  • Added check box to toggle on/off the Correlation Label, continue to use the style tab to style the correlation coefficient look and feel.
Dec 12
Release Notes:
  • Fixed issue with last future FOMC label not disappearing once the final FOMC data has passed.
Dec 13
Release Notes:
  • Fixed typo in inputs.
Jan 02
Release Notes:
  • Updated member features.
Jan 02
Release Notes:
  • Updated member features.
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Another day another dollar.

Twitter: https://twitter.com/mortdiggiddy
Telegram: https://t.me/mortdiggiddy
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Hi, this looks really great. Would love to be able to use it.
+1 Reply
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