OPEN-SOURCE SCRIPT
Updated Historical Date Average Prediction
How it Works
Date Matching: The script attempts to find the bar where the month and dayofmonth match today’s date.
Offset Calculation: Since there are roughly 252 trading days in a year, the script looks back in increments of 252 (or uses timestamp functions) to find the price action from 1, 2, or 5 years ago today.
The Average: It sums the highs and lows of those specific historical days and divides them by the number of years found.
Date Matching: The script attempts to find the bar where the month and dayofmonth match today’s date.
Offset Calculation: Since there are roughly 252 trading days in a year, the script looks back in increments of 252 (or uses timestamp functions) to find the price action from 1, 2, or 5 years ago today.
The Average: It sums the highs and lows of those specific historical days and divides them by the number of years found.
Release Notes
I have also added a "Future Extension" logic to the labels. Since you noticed the labels "go off chart" or get messy when moving the price axis, this version anchors the label to the very last bar and ensures it only calculates for the high side.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.