Seasonality: Month Highlight

twingall Updated   
Many Assets, especially Commodities , have patterns of seasonality: Periods in the year when they have shown a greater tendency to rise or a greater tendency to fall.
The Seasonality of an asset is based on historical data (20yrs+): Specific asset seasonality charts can be found via an online search.

This is a simple tool that allows users to highlight and color code each of the 12 months of the year; depending on the seasonality of the specific asset.
The above chart shows Sugar Futures ; which are a seasonal 'sell' in February , and a seasonal 'buy' in May and August.

Seasonality should only be used to compliment a trading setup, NOT as a single reason in itself to buy or sell. Simply put: if you find a good setup, AND you have seasonality on your side; your odds of success are increased.
Release Notes:
~Now plots future & past background month highlights (future highlight only on Daily timeframe)
~More formatting options; choose each month and choose its respective background color
~Shown above with Gold seasonal tendency bullish/bearish months
Release Notes:
Rather than saying "Gold seasonal tendency bullish/bearish months";
More properly I should say, months where one might look for a seasonally supported 'Buy' or a seasonally supported 'Sell' in Gold

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Open-source script

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