-shows week-on-week % change, and 10yr averages of these % changes
-scan across the 10yr averages to get a good idea of the seasonality of an asset
-best used on commodities with strong seasonal tendencies ( Gold , Wheat , Coffee , Lean hogs etc)
-works only on daily timeframe
-by default it will compare SMA (length) in the following way, BTC: Sunday cf previous Sunday | ES/Gold: Monday cf previous Monday
-for most assets, 5 daily bars in a week ( SMA (5)) => that's the default. For BTC can change this to 7.
~~inputs:
-change input year to show any previous decade of asset's history; the table will display over that year on the chart
-choose expression for Average of % change week on week: SMA , ohlc4, vwma , vwap (default SMA )
-choose number of daily bars in a week (i.e. SMA length)
-change label sizes/colors
~~notes:
-When applied to current year: will print the 10yr average for previous weeks in the year; 9yr average for future weeks in the year
-drawings and SMA plot on the above chart are just to show visually how the week's average is calculated, and how this lines up with the label
-current week of year will highlight in large font orange by default
-the first 2 weeks of the year are omitted because of a bug i can't figure out, which throws out bad numbers.
-cannot print all the values for each of previous 10yrs; 'code too long' error. Could likely do this via using matrices but would require a rewrite
17th Dec 2022
@twingall
-scan across the 10yr averages to get a good idea of the seasonality of an asset
-best used on commodities with strong seasonal tendencies ( Gold , Wheat , Coffee , Lean hogs etc)
-works only on daily timeframe
-by default it will compare SMA (length) in the following way, BTC: Sunday cf previous Sunday | ES/Gold: Monday cf previous Monday
-for most assets, 5 daily bars in a week ( SMA (5)) => that's the default. For BTC can change this to 7.
~~inputs:
-change input year to show any previous decade of asset's history; the table will display over that year on the chart
-choose expression for Average of % change week on week: SMA , ohlc4, vwma , vwap (default SMA )
-choose number of daily bars in a week (i.e. SMA length)
-change label sizes/colors
~~notes:
-When applied to current year: will print the 10yr average for previous weeks in the year; 9yr average for future weeks in the year
-drawings and SMA plot on the above chart are just to show visually how the week's average is calculated, and how this lines up with the label
-current week of year will highlight in large font orange by default
-the first 2 weeks of the year are omitted because of a bug i can't figure out, which throws out bad numbers.
-cannot print all the values for each of previous 10yrs; 'code too long' error. Could likely do this via using matrices but would require a rewrite
17th Dec 2022
@twingall
ملاحظات الأخبار:
~added invisible spacers so this always automatically plots neatly at the bottom of the chart
ملاحظات الأخبار:
~cleaned up comments
All my Indicators are free/open source. If you like, you can buy me a coffee here:
PayPal.Me/twingall
BTC: 3JrhUwNRnKyqhaa1n1AXKeAubNeEFoch6S
ETH: 0x4b0400B1c18503529ab69611e82a934DDe4Ab038
www.tradingview.com/gopro/?share_your_love=twingall
PayPal.Me/twingall
BTC: 3JrhUwNRnKyqhaa1n1AXKeAubNeEFoch6S
ETH: 0x4b0400B1c18503529ab69611e82a934DDe4Ab038
www.tradingview.com/gopro/?share_your_love=twingall