- Seasonal Index
- Seasonal Index
While seasonal fluctuations are less conspicuous, in the currency markets.
They are stronger on the commodities markets.
As the Chart shows minimums or maximums on the basis of decade of data, almost exactly match.
I decided to write an indicator that tests this, statement.
The indicator can be applied to all instruments.
Recommend you use daily or weekly timeframe.
The more historic data load, index is more accurate.
X - marks the beginning of the calendar year
BOY - Index monitors the relative percentage change in the price of securities from Beginning Of Year (BOY).
(At the beginning of the year BOY index has a value of 0)
Seasonal (Blue histogram) - the cumulative average of BOY indexes for each year.
In the current implementation, you must load the entire previous year, in order to enter into the calculation.
Keep in mind that this is the working version of the indicators.