5 Period Cycle Seasonality (%) — Indicator by accidentje

Slight modification of the work done by crasher (can be found here: ).

This script shows the average % change instead of the average nominal change of the selected security in the past 5 years.

Upper indicator: script by crasher (see link above)
Lower indicator: modified script by me

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 a publication is governed by House Rules. You can favorite it to use it on a chart.

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.

Want to use this script on a chart?

study("5 Period Cycle Seasonality - %")

Period = input(title="Period Cycle", type=integer , defval=252)

LastYear = (close[Period]-close[2 * Period])/close[2 * Period]
TwoYearsAgo = (close [2 * Period]-close[3 * Period])/close[3 * Period]
ThreeYearsAgo = (close [3 * Period]-close[4 * Period])/close[4 * Period]
FourYearsAgo = (close [4 *Period]-close[5 * Period])/close[5 * Period]
FiveYearsAgo = (close [5 * Period]-close[6 * Period])/close[6 * Period]

Offset = Period
LastYearE = (close[Period - Offset]-close [2 * Period - Offset])/close [2 * Period - Offset]
TwoYearsAgoE = (close [2 * Period - Offset]-close [3 * Period - Offset])/close [3 * Period - Offset]
ThreeYearsAgoE = (close [3 * Period - Offset]-close [4 * Period - Offset])/close [4 * Period - Offset]
FourYearsAgoE = (close [4 *Period - Offset]-close [5 * Period - Offset])/close [5 * Period - Offset]
FiveYearsAgoE = (close [5 * Period - Offset]-close [6 * Period - Offset])/close [6 * Period - Offset]

plot((LastYearE + TwoYearsAgoE + ThreeYearsAgoE + FourYearsAgoE + FiveYearsAgoE) / 5, color = #00ff00, linewidth = 2, offset =  Offset)
plot((LastYear + TwoYearsAgo + ThreeYearsAgo + FourYearsAgo + FiveYearsAgo) / 5, color = #ff0000, linewidth = 2)
hline(0)