OPEN-SOURCE SCRIPT
US Recessions based on James Hamilton's JHDUSRGDPBR
This simple script uses James Hamilton's JHDUSRGDPBR indicator to colour areas representing recession periods in the US. Best used in conjunction with other macroeconomics indicators, like –as in the example– unemployment rates
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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