OPEN-SOURCE SCRIPT
Trend forecast and historical saisonality
// indicator calculates up to four time lines based on the weekly historical data
// one time line is built as the average of the close of the weekly bar x years ago
// the time lines are shown continued at the current close
// the time lines are colored and labeled per average of x years
// a table shows an overview about the short/long trend for 3 month starting from the current close
// daily and weekly time frame can be used
// using the daily time frame the trend/forecast is based on the weekly data
// one time line is built as the average of the close of the weekly bar x years ago
// the time lines are shown continued at the current close
// the time lines are colored and labeled per average of x years
// a table shows an overview about the short/long trend for 3 month starting from the current close
// daily and weekly time frame can be used
// using the daily time frame the trend/forecast is based on the weekly data
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.