OPEN-SOURCE SCRIPT
Updated Sahm Rule Recession Indicator (by Alex L.)
Real-time Sahm Rule Recession Indicator (idea by Claudia Sahm) based on US national unemployment rate.
I added an enhanced feature (optional) that uses slight variation in Sahm's idea and is usable to detect oversold stocks/crypto.
Enjoy!
I added an enhanced feature (optional) that uses slight variation in Sahm's idea and is usable to detect oversold stocks/crypto.
Enjoy!
Release Notes
Fixed the indicator's ability to view US recessions when under ANY security/ticker.So now you can have the recessions displayed when viewing anything (when "Use for Stocks/Crypto" option is unchecked of course).
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.
For quick access on a chart, add this script to your favorites — learn more here.
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.
For quick access on a chart, add this script to your favorites — learn more here.
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.