Price projection based on seasonality for ThinkOrSwim

H

harishm

New member
Cxtu1Oq.png

mod note:
Think of seasonal data like a weather forecast for the market.

Looking at the past five years gives a rough road map of how prices tend to move during certain times.

Keep in mind that past performance is not an indicator of future returns, given each year has unique drivers and economic circumstances.

However, the market has shown itself to be cyclical where certain parts of the year usually heats up or cools off.

Hanging this indictor in the expansion area for a few bars provides a heads-up as to what has occurred in past years; so traders can analysize if those circumstances exist in the current period.
That way, trades can be timed better, risk can be managed smarter, and entries/exits can line up with those seasonal patterns.

Just remember—it’s only one tool in the kit. Market surprises can still flip the script, so pairing it with other analysis is key.

Here is the thinkscript to show the future price projection based on seasonality price movement in the last five years.

This is not ChatGPT created version. I took few days to figure out this logic.

Feel free to modify or improve as per the need.


Rich (BB code): 
#--------------------------------------------------------#
# Project the future price for next fifty bars based on
# seasonality price action in the last five years.
#--------------------------------------------------------#

declare upper;

input price         = close;
input shift_daily   = 252;
input shift_weekly  = 52;
input shift_monthly = 12;
input shift_default = 252;

def shift =        if GetAggregationPeriod() == AggregationPeriod.DAY   then shift_daily
              else if GetAggregationPeriod() == AggregationPeriod.WEEK  then shift_weekly
              else if GetAggregationPeriod() == AggregationPeriod.MONTH then shift_monthly
              else shift_default;

# Bar number starts from 1 for left most bar shown on chart and ends at the
# right most bar positon (can be on extended area) on the displayed chart.
def bn = barnumber();

# Last/latest bar number which is for the current price.
def lastbn = HighestAll(If(IsNaN(price), 0, bn));

# Bar number for the bar position on the righ most section of the chart.
# If chart expansion to the right is enabled, then it is for the future bar
# appearing at that position.
def endbn = highestall(bn);


# expansion area, bars after last bar to right edge of chart
def expan_bars = (endbn - lastbn );
def expan_area = if (bn >= lastbn and bn <= endbn) then 1 else 0;

# Latest price of the underlying
def lastcls = if bn < lastbn then Double.NaN else if bn == lastbn then price else lastcls[1];

# Space available to print extended/future bars
def expan_bar_num = bn - lastbn;

def expan_bar_num_int = if expan_bar_num >= 0 then expan_bar_num else Double.NaN;


# Get the percentage increment in the last five years.
# Project the future price based on the average of past performance.

def shift_1 = shift * 1;
def shift_2 = shift * 2;
def shift_3 = shift * 3;
def shift_4 = shift * 4;
def shift_5 = shift * 5;

# Unable to get past price based on expan_bar_num_int (e.g. close[expan_bar_num_int]
# as expan_bar_num is of series data type and the thinkscript interpreter expects
# the offset to be a constant value.
# Here is a crude way to get around that problem.

# Get the percentage change and add it to the current price to project.

def change_shift_1 = if !IsNaN(expan_bar_num_int) then
                     if (expan_bar_num_int ==   0) then price[shift_1]/price[shift_1 -   0] - 1.0 else if (expan_bar_num_int ==   1) then price[shift_1]/price[shift_1 -   1] - 1.0
                else if (expan_bar_num_int ==   2) then price[shift_1]/price[shift_1 -   2] - 1.0 else if (expan_bar_num_int ==   3) then price[shift_1]/price[shift_1 -   3] - 1.0
                else if (expan_bar_num_int ==   4) then price[shift_1]/price[shift_1 -   4] - 1.0 else if (expan_bar_num_int ==   5) then price[shift_1]/price[shift_1 -   5] - 1.0
                else if (expan_bar_num_int ==   6) then price[shift_1]/price[shift_1 -   6] - 1.0 else if (expan_bar_num_int ==   7) then price[shift_1]/price[shift_1 -   7] - 1.0
                else if (expan_bar_num_int ==   8) then price[shift_1]/price[shift_1 -   8] - 1.0 else if (expan_bar_num_int ==   9) then price[shift_1]/price[shift_1 -   9] - 1.0
                else if (expan_bar_num_int ==  10) then price[shift_1]/price[shift_1 -  10] - 1.0 else if (expan_bar_num_int ==  11) then price[shift_1]/price[shift_1 -  11] - 1.0
                else if (expan_bar_num_int ==  12) then price[shift_1]/price[shift_1 -  12] - 1.0 else if (expan_bar_num_int ==  13) then price[shift_1]/price[shift_1 -  13] - 1.0
                else if (expan_bar_num_int ==  14) then price[shift_1]/price[shift_1 -  14] - 1.0 else if (expan_bar_num_int ==  15) then price[shift_1]/price[shift_1 -  15] - 1.0
                else if (expan_bar_num_int ==  16) then price[shift_1]/price[shift_1 -  16] - 1.0 else if (expan_bar_num_int ==  17) then price[shift_1]/price[shift_1 -  17] - 1.0
                else if (expan_bar_num_int ==  18) then price[shift_1]/price[shift_1 -  18] - 1.0 else if (expan_bar_num_int ==  19) then price[shift_1]/price[shift_1 -  19] - 1.0
                else if (expan_bar_num_int ==  20) then price[shift_1]/price[shift_1 -  20] - 1.0 else if (expan_bar_num_int ==  21) then price[shift_1]/price[shift_1 -  21] - 1.0
                else if (expan_bar_num_int ==  22) then price[shift_1]/price[shift_1 -  22] - 1.0 else if (expan_bar_num_int ==  23) then price[shift_1]/price[shift_1 -  23] - 1.0
                else if (expan_bar_num_int ==  24) then price[shift_1]/price[shift_1 -  24] - 1.0 else if (expan_bar_num_int ==  25) then price[shift_1]/price[shift_1 -  25] - 1.0
                else if (expan_bar_num_int ==  26) then price[shift_1]/price[shift_1 -  26] - 1.0 else if (expan_bar_num_int ==  27) then price[shift_1]/price[shift_1 -  27] - 1.0
                else if (expan_bar_num_int ==  28) then price[shift_1]/price[shift_1 -  28] - 1.0 else if (expan_bar_num_int ==  29) then price[shift_1]/price[shift_1 -  29] - 1.0
                else if (expan_bar_num_int ==  30) then price[shift_1]/price[shift_1 -  30] - 1.0 else if (expan_bar_num_int ==  31) then price[shift_1]/price[shift_1 -  31] - 1.0
                else if (expan_bar_num_int ==  32) then price[shift_1]/price[shift_1 -  32] - 1.0 else if (expan_bar_num_int ==  33) then price[shift_1]/price[shift_1 -  33] - 1.0
                else if (expan_bar_num_int ==  34) then price[shift_1]/price[shift_1 -  34] - 1.0 else if (expan_bar_num_int ==  35) then price[shift_1]/price[shift_1 -  35] - 1.0
                else if (expan_bar_num_int ==  36) then price[shift_1]/price[shift_1 -  36] - 1.0 else if (expan_bar_num_int ==  37) then price[shift_1]/price[shift_1 -  37] - 1.0
                else if (expan_bar_num_int ==  38) then price[shift_1]/price[shift_1 -  38] - 1.0 else if (expan_bar_num_int ==  39) then price[shift_1]/price[shift_1 -  39] - 1.0
                else if (expan_bar_num_int ==  40) then price[shift_1]/price[shift_1 -  40] - 1.0 else if (expan_bar_num_int ==  41) then price[shift_1]/price[shift_1 -  41] - 1.0
                else if (expan_bar_num_int ==  42) then price[shift_1]/price[shift_1 -  42] - 1.0 else if (expan_bar_num_int ==  43) then price[shift_1]/price[shift_1 -  43] - 1.0
                else if (expan_bar_num_int ==  44) then price[shift_1]/price[shift_1 -  44] - 1.0 else if (expan_bar_num_int ==  45) then price[shift_1]/price[shift_1 -  45] - 1.0
                else if (expan_bar_num_int ==  46) then price[shift_1]/price[shift_1 -  46] - 1.0 else if (expan_bar_num_int ==  47) then price[shift_1]/price[shift_1 -  47] - 1.0
                else if (expan_bar_num_int ==  48) then price[shift_1]/price[shift_1 -  48] - 1.0 else if (expan_bar_num_int ==  49) then price[shift_1]/price[shift_1 -  49] - 1.0
                else if (expan_bar_num_int ==  50) then price[shift_1]/price[shift_1 -  50] - 1.0 else if (expan_bar_num_int ==  51) then price[shift_1]/price[shift_1 -  51] - 1.0
                else Double.NaN
          else Double.NaN;

def change_shift_2 = if !IsNaN(expan_bar_num_int) then
                     if (expan_bar_num_int ==   0) then price[shift_2]/price[shift_2 -   0] - 1.0 else if (expan_bar_num_int ==   1) then price[shift_2]/price[shift_2 -   1] - 1.0
                else if (expan_bar_num_int ==   2) then price[shift_2]/price[shift_2 -   2] - 1.0 else if (expan_bar_num_int ==   3) then price[shift_2]/price[shift_2 -   3] - 1.0
                else if (expan_bar_num_int ==   4) then price[shift_2]/price[shift_2 -   4] - 1.0 else if (expan_bar_num_int ==   5) then price[shift_2]/price[shift_2 -   5] - 1.0
                else if (expan_bar_num_int ==   6) then price[shift_2]/price[shift_2 -   6] - 1.0 else if (expan_bar_num_int ==   7) then price[shift_2]/price[shift_2 -   7] - 1.0
                else if (expan_bar_num_int ==   8) then price[shift_2]/price[shift_2 -   8] - 1.0 else if (expan_bar_num_int ==   9) then price[shift_2]/price[shift_2 -   9] - 1.0
                else if (expan_bar_num_int ==  10) then price[shift_2]/price[shift_2 -  10] - 1.0 else if (expan_bar_num_int ==  11) then price[shift_2]/price[shift_2 -  11] - 1.0
                else if (expan_bar_num_int ==  12) then price[shift_2]/price[shift_2 -  12] - 1.0 else if (expan_bar_num_int ==  13) then price[shift_2]/price[shift_2 -  13] - 1.0
                else if (expan_bar_num_int ==  14) then price[shift_2]/price[shift_2 -  14] - 1.0 else if (expan_bar_num_int ==  15) then price[shift_2]/price[shift_2 -  15] - 1.0
                else if (expan_bar_num_int ==  16) then price[shift_2]/price[shift_2 -  16] - 1.0 else if (expan_bar_num_int ==  17) then price[shift_2]/price[shift_2 -  17] - 1.0
                else if (expan_bar_num_int ==  18) then price[shift_2]/price[shift_2 -  18] - 1.0 else if (expan_bar_num_int ==  19) then price[shift_2]/price[shift_2 -  19] - 1.0
                else if (expan_bar_num_int ==  20) then price[shift_2]/price[shift_2 -  20] - 1.0 else if (expan_bar_num_int ==  21) then price[shift_2]/price[shift_2 -  21] - 1.0
                else if (expan_bar_num_int ==  22) then price[shift_2]/price[shift_2 -  22] - 1.0 else if (expan_bar_num_int ==  23) then price[shift_2]/price[shift_2 -  23] - 1.0
                else if (expan_bar_num_int ==  24) then price[shift_2]/price[shift_2 -  24] - 1.0 else if (expan_bar_num_int ==  25) then price[shift_2]/price[shift_2 -  25] - 1.0
                else if (expan_bar_num_int ==  26) then price[shift_2]/price[shift_2 -  26] - 1.0 else if (expan_bar_num_int ==  27) then price[shift_2]/price[shift_2 -  27] - 1.0
                else if (expan_bar_num_int ==  28) then price[shift_2]/price[shift_2 -  28] - 1.0 else if (expan_bar_num_int ==  29) then price[shift_2]/price[shift_2 -  29] - 1.0
                else if (expan_bar_num_int ==  30) then price[shift_2]/price[shift_2 -  30] - 1.0 else if (expan_bar_num_int ==  31) then price[shift_2]/price[shift_2 -  31] - 1.0
                else if (expan_bar_num_int ==  32) then price[shift_2]/price[shift_2 -  32] - 1.0 else if (expan_bar_num_int ==  33) then price[shift_2]/price[shift_2 -  33] - 1.0
                else if (expan_bar_num_int ==  34) then price[shift_2]/price[shift_2 -  34] - 1.0 else if (expan_bar_num_int ==  35) then price[shift_2]/price[shift_2 -  35] - 1.0
                else if (expan_bar_num_int ==  36) then price[shift_2]/price[shift_2 -  36] - 1.0 else if (expan_bar_num_int ==  37) then price[shift_2]/price[shift_2 -  37] - 1.0
                else if (expan_bar_num_int ==  38) then price[shift_2]/price[shift_2 -  38] - 1.0 else if (expan_bar_num_int ==  39) then price[shift_2]/price[shift_2 -  39] - 1.0
                else if (expan_bar_num_int ==  40) then price[shift_2]/price[shift_2 -  40] - 1.0 else if (expan_bar_num_int ==  41) then price[shift_2]/price[shift_2 -  41] - 1.0
                else if (expan_bar_num_int ==  42) then price[shift_2]/price[shift_2 -  42] - 1.0 else if (expan_bar_num_int ==  43) then price[shift_2]/price[shift_2 -  43] - 1.0
                else if (expan_bar_num_int ==  44) then price[shift_2]/price[shift_2 -  44] - 1.0 else if (expan_bar_num_int ==  45) then price[shift_2]/price[shift_2 -  45] - 1.0
                else if (expan_bar_num_int ==  46) then price[shift_2]/price[shift_2 -  46] - 1.0 else if (expan_bar_num_int ==  47) then price[shift_2]/price[shift_2 -  47] - 1.0
                else if (expan_bar_num_int ==  48) then price[shift_2]/price[shift_2 -  48] - 1.0 else if (expan_bar_num_int ==  49) then price[shift_2]/price[shift_2 -  49] - 1.0
                else if (expan_bar_num_int ==  50) then price[shift_2]/price[shift_2 -  50] - 1.0 else if (expan_bar_num_int ==  51) then price[shift_2]/price[shift_2 -  51] - 1.0
                else Double.NaN
          else Double.NaN;


def change_shift_3 = if !IsNaN(expan_bar_num_int) then
                     if (expan_bar_num_int ==   0) then price[shift_3]/price[shift_3 -   0] - 1.0 else if (expan_bar_num_int ==   1) then price[shift_3]/price[shift_3 -   1] - 1.0
                else if (expan_bar_num_int ==   2) then price[shift_3]/price[shift_3 -   2] - 1.0 else if (expan_bar_num_int ==   3) then price[shift_3]/price[shift_3 -   3] - 1.0
                else if (expan_bar_num_int ==   4) then price[shift_3]/price[shift_3 -   4] - 1.0 else if (expan_bar_num_int ==   5) then price[shift_3]/price[shift_3 -   5] - 1.0
                else if (expan_bar_num_int ==   6) then price[shift_3]/price[shift_3 -   6] - 1.0 else if (expan_bar_num_int ==   7) then price[shift_3]/price[shift_3 -   7] - 1.0
                else if (expan_bar_num_int ==   8) then price[shift_3]/price[shift_3 -   8] - 1.0 else if (expan_bar_num_int ==   9) then price[shift_3]/price[shift_3 -   9] - 1.0
                else if (expan_bar_num_int ==  10) then price[shift_3]/price[shift_3 -  10] - 1.0 else if (expan_bar_num_int ==  11) then price[shift_3]/price[shift_3 -  11] - 1.0
                else if (expan_bar_num_int ==  12) then price[shift_3]/price[shift_3 -  12] - 1.0 else if (expan_bar_num_int ==  13) then price[shift_3]/price[shift_3 -  13] - 1.0
                else if (expan_bar_num_int ==  14) then price[shift_3]/price[shift_3 -  14] - 1.0 else if (expan_bar_num_int ==  15) then price[shift_3]/price[shift_3 -  15] - 1.0
                else if (expan_bar_num_int ==  16) then price[shift_3]/price[shift_3 -  16] - 1.0 else if (expan_bar_num_int ==  17) then price[shift_3]/price[shift_3 -  17] - 1.0
                else if (expan_bar_num_int ==  18) then price[shift_3]/price[shift_3 -  18] - 1.0 else if (expan_bar_num_int ==  19) then price[shift_3]/price[shift_3 -  19] - 1.0
                else if (expan_bar_num_int ==  20) then price[shift_3]/price[shift_3 -  20] - 1.0 else if (expan_bar_num_int ==  21) then price[shift_3]/price[shift_3 -  21] - 1.0
                else if (expan_bar_num_int ==  22) then price[shift_3]/price[shift_3 -  22] - 1.0 else if (expan_bar_num_int ==  23) then price[shift_3]/price[shift_3 -  23] - 1.0
                else if (expan_bar_num_int ==  24) then price[shift_3]/price[shift_3 -  24] - 1.0 else if (expan_bar_num_int ==  25) then price[shift_3]/price[shift_3 -  25] - 1.0
                else if (expan_bar_num_int ==  26) then price[shift_3]/price[shift_3 -  26] - 1.0 else if (expan_bar_num_int ==  27) then price[shift_3]/price[shift_3 -  27] - 1.0
                else if (expan_bar_num_int ==  28) then price[shift_3]/price[shift_3 -  28] - 1.0 else if (expan_bar_num_int ==  29) then price[shift_3]/price[shift_3 -  29] - 1.0
                else if (expan_bar_num_int ==  30) then price[shift_3]/price[shift_3 -  30] - 1.0 else if (expan_bar_num_int ==  31) then price[shift_3]/price[shift_3 -  31] - 1.0
                else if (expan_bar_num_int ==  32) then price[shift_3]/price[shift_3 -  32] - 1.0 else if (expan_bar_num_int ==  33) then price[shift_3]/price[shift_3 -  33] - 1.0
                else if (expan_bar_num_int ==  34) then price[shift_3]/price[shift_3 -  34] - 1.0 else if (expan_bar_num_int ==  35) then price[shift_3]/price[shift_3 -  35] - 1.0
                else if (expan_bar_num_int ==  36) then price[shift_3]/price[shift_3 -  36] - 1.0 else if (expan_bar_num_int ==  37) then price[shift_3]/price[shift_3 -  37] - 1.0
                else if (expan_bar_num_int ==  38) then price[shift_3]/price[shift_3 -  38] - 1.0 else if (expan_bar_num_int ==  39) then price[shift_3]/price[shift_3 -  39] - 1.0
                else if (expan_bar_num_int ==  40) then price[shift_3]/price[shift_3 -  40] - 1.0 else if (expan_bar_num_int ==  41) then price[shift_3]/price[shift_3 -  41] - 1.0
                else if (expan_bar_num_int ==  42) then price[shift_3]/price[shift_3 -  42] - 1.0 else if (expan_bar_num_int ==  43) then price[shift_3]/price[shift_3 -  43] - 1.0
                else if (expan_bar_num_int ==  44) then price[shift_3]/price[shift_3 -  44] - 1.0 else if (expan_bar_num_int ==  45) then price[shift_3]/price[shift_3 -  45] - 1.0
                else if (expan_bar_num_int ==  46) then price[shift_3]/price[shift_3 -  46] - 1.0 else if (expan_bar_num_int ==  47) then price[shift_3]/price[shift_3 -  47] - 1.0
                else if (expan_bar_num_int ==  48) then price[shift_3]/price[shift_3 -  48] - 1.0 else if (expan_bar_num_int ==  49) then price[shift_3]/price[shift_3 -  49] - 1.0
                else if (expan_bar_num_int ==  50) then price[shift_3]/price[shift_3 -  50] - 1.0 else if (expan_bar_num_int ==  51) then price[shift_3]/price[shift_3 -  51] - 1.0
                else Double.NaN
          else Double.NaN;


def change_shift_4 = if !IsNaN(expan_bar_num_int) then
                     if (expan_bar_num_int ==   0) then price[shift_4]/price[shift_4 -   0] - 1.0 else if (expan_bar_num_int ==   1) then price[shift_4]/price[shift_4 -   1] - 1.0
                else if (expan_bar_num_int ==   2) then price[shift_4]/price[shift_4 -   2] - 1.0 else if (expan_bar_num_int ==   3) then price[shift_4]/price[shift_4 -   3] - 1.0
                else if (expan_bar_num_int ==   4) then price[shift_4]/price[shift_4 -   4] - 1.0 else if (expan_bar_num_int ==   5) then price[shift_4]/price[shift_4 -   5] - 1.0
                else if (expan_bar_num_int ==   6) then price[shift_4]/price[shift_4 -   6] - 1.0 else if (expan_bar_num_int ==   7) then price[shift_4]/price[shift_4 -   7] - 1.0
                else if (expan_bar_num_int ==   8) then price[shift_4]/price[shift_4 -   8] - 1.0 else if (expan_bar_num_int ==   9) then price[shift_4]/price[shift_4 -   9] - 1.0
                else if (expan_bar_num_int ==  10) then price[shift_4]/price[shift_4 -  10] - 1.0 else if (expan_bar_num_int ==  11) then price[shift_4]/price[shift_4 -  11] - 1.0
                else if (expan_bar_num_int ==  12) then price[shift_4]/price[shift_4 -  12] - 1.0 else if (expan_bar_num_int ==  13) then price[shift_4]/price[shift_4 -  13] - 1.0
                else if (expan_bar_num_int ==  14) then price[shift_4]/price[shift_4 -  14] - 1.0 else if (expan_bar_num_int ==  15) then price[shift_4]/price[shift_4 -  15] - 1.0
                else if (expan_bar_num_int ==  16) then price[shift_4]/price[shift_4 -  16] - 1.0 else if (expan_bar_num_int ==  17) then price[shift_4]/price[shift_4 -  17] - 1.0
                else if (expan_bar_num_int ==  18) then price[shift_4]/price[shift_4 -  18] - 1.0 else if (expan_bar_num_int ==  19) then price[shift_4]/price[shift_4 -  19] - 1.0
                else if (expan_bar_num_int ==  20) then price[shift_4]/price[shift_4 -  20] - 1.0 else if (expan_bar_num_int ==  21) then price[shift_4]/price[shift_4 -  21] - 1.0
                else if (expan_bar_num_int ==  22) then price[shift_4]/price[shift_4 -  22] - 1.0 else if (expan_bar_num_int ==  23) then price[shift_4]/price[shift_4 -  23] - 1.0
                else if (expan_bar_num_int ==  24) then price[shift_4]/price[shift_4 -  24] - 1.0 else if (expan_bar_num_int ==  25) then price[shift_4]/price[shift_4 -  25] - 1.0
                else if (expan_bar_num_int ==  26) then price[shift_4]/price[shift_4 -  26] - 1.0 else if (expan_bar_num_int ==  27) then price[shift_4]/price[shift_4 -  27] - 1.0
                else if (expan_bar_num_int ==  28) then price[shift_4]/price[shift_4 -  28] - 1.0 else if (expan_bar_num_int ==  29) then price[shift_4]/price[shift_4 -  29] - 1.0
                else if (expan_bar_num_int ==  30) then price[shift_4]/price[shift_4 -  30] - 1.0 else if (expan_bar_num_int ==  31) then price[shift_4]/price[shift_4 -  31] - 1.0
                else if (expan_bar_num_int ==  32) then price[shift_4]/price[shift_4 -  32] - 1.0 else if (expan_bar_num_int ==  33) then price[shift_4]/price[shift_4 -  33] - 1.0
                else if (expan_bar_num_int ==  34) then price[shift_4]/price[shift_4 -  34] - 1.0 else if (expan_bar_num_int ==  35) then price[shift_4]/price[shift_4 -  35] - 1.0
                else if (expan_bar_num_int ==  36) then price[shift_4]/price[shift_4 -  36] - 1.0 else if (expan_bar_num_int ==  37) then price[shift_4]/price[shift_4 -  37] - 1.0
                else if (expan_bar_num_int ==  38) then price[shift_4]/price[shift_4 -  38] - 1.0 else if (expan_bar_num_int ==  39) then price[shift_4]/price[shift_4 -  39] - 1.0
                else if (expan_bar_num_int ==  40) then price[shift_4]/price[shift_4 -  40] - 1.0 else if (expan_bar_num_int ==  41) then price[shift_4]/price[shift_4 -  41] - 1.0
                else if (expan_bar_num_int ==  42) then price[shift_4]/price[shift_4 -  42] - 1.0 else if (expan_bar_num_int ==  43) then price[shift_4]/price[shift_4 -  43] - 1.0
                else if (expan_bar_num_int ==  44) then price[shift_4]/price[shift_4 -  44] - 1.0 else if (expan_bar_num_int ==  45) then price[shift_4]/price[shift_4 -  45] - 1.0
                else if (expan_bar_num_int ==  46) then price[shift_4]/price[shift_4 -  46] - 1.0 else if (expan_bar_num_int ==  47) then price[shift_4]/price[shift_4 -  47] - 1.0
                else if (expan_bar_num_int ==  48) then price[shift_4]/price[shift_4 -  48] - 1.0 else if (expan_bar_num_int ==  49) then price[shift_4]/price[shift_4 -  49] - 1.0
                else if (expan_bar_num_int ==  50) then price[shift_4]/price[shift_4 -  50] - 1.0 else if (expan_bar_num_int ==  51) then price[shift_4]/price[shift_4 -  51] - 1.0
                else Double.NaN
          else Double.NaN;


def change_shift_5 = if !IsNaN(expan_bar_num_int) then
                     if (expan_bar_num_int ==   0) then price[shift_5]/price[shift_5 -   0] - 1.0 else if (expan_bar_num_int ==   1) then price[shift_5]/price[shift_5 -   1] - 1.0
                else if (expan_bar_num_int ==   2) then price[shift_5]/price[shift_5 -   2] - 1.0 else if (expan_bar_num_int ==   3) then price[shift_5]/price[shift_5 -   3] - 1.0
                else if (expan_bar_num_int ==   4) then price[shift_5]/price[shift_5 -   4] - 1.0 else if (expan_bar_num_int ==   5) then price[shift_5]/price[shift_5 -   5] - 1.0
                else if (expan_bar_num_int ==   6) then price[shift_5]/price[shift_5 -   6] - 1.0 else if (expan_bar_num_int ==   7) then price[shift_5]/price[shift_5 -   7] - 1.0
                else if (expan_bar_num_int ==   8) then price[shift_5]/price[shift_5 -   8] - 1.0 else if (expan_bar_num_int ==   9) then price[shift_5]/price[shift_5 -   9] - 1.0
                else if (expan_bar_num_int ==  10) then price[shift_5]/price[shift_5 -  10] - 1.0 else if (expan_bar_num_int ==  11) then price[shift_5]/price[shift_5 -  11] - 1.0
                else if (expan_bar_num_int ==  12) then price[shift_5]/price[shift_5 -  12] - 1.0 else if (expan_bar_num_int ==  13) then price[shift_5]/price[shift_5 -  13] - 1.0
                else if (expan_bar_num_int ==  14) then price[shift_5]/price[shift_5 -  14] - 1.0 else if (expan_bar_num_int ==  15) then price[shift_5]/price[shift_5 -  15] - 1.0
                else if (expan_bar_num_int ==  16) then price[shift_5]/price[shift_5 -  16] - 1.0 else if (expan_bar_num_int ==  17) then price[shift_5]/price[shift_5 -  17] - 1.0
                else if (expan_bar_num_int ==  18) then price[shift_5]/price[shift_5 -  18] - 1.0 else if (expan_bar_num_int ==  19) then price[shift_5]/price[shift_5 -  19] - 1.0
                else if (expan_bar_num_int ==  20) then price[shift_5]/price[shift_5 -  20] - 1.0 else if (expan_bar_num_int ==  21) then price[shift_5]/price[shift_5 -  21] - 1.0
                else if (expan_bar_num_int ==  22) then price[shift_5]/price[shift_5 -  22] - 1.0 else if (expan_bar_num_int ==  23) then price[shift_5]/price[shift_5 -  23] - 1.0
                else if (expan_bar_num_int ==  24) then price[shift_5]/price[shift_5 -  24] - 1.0 else if (expan_bar_num_int ==  25) then price[shift_5]/price[shift_5 -  25] - 1.0
                else if (expan_bar_num_int ==  26) then price[shift_5]/price[shift_5 -  26] - 1.0 else if (expan_bar_num_int ==  27) then price[shift_5]/price[shift_5 -  27] - 1.0
                else if (expan_bar_num_int ==  28) then price[shift_5]/price[shift_5 -  28] - 1.0 else if (expan_bar_num_int ==  29) then price[shift_5]/price[shift_5 -  29] - 1.0
                else if (expan_bar_num_int ==  30) then price[shift_5]/price[shift_5 -  30] - 1.0 else if (expan_bar_num_int ==  31) then price[shift_5]/price[shift_5 -  31] - 1.0
                else if (expan_bar_num_int ==  32) then price[shift_5]/price[shift_5 -  32] - 1.0 else if (expan_bar_num_int ==  33) then price[shift_5]/price[shift_5 -  33] - 1.0
                else if (expan_bar_num_int ==  34) then price[shift_5]/price[shift_5 -  34] - 1.0 else if (expan_bar_num_int ==  35) then price[shift_5]/price[shift_5 -  35] - 1.0
                else if (expan_bar_num_int ==  36) then price[shift_5]/price[shift_5 -  36] - 1.0 else if (expan_bar_num_int ==  37) then price[shift_5]/price[shift_5 -  37] - 1.0
                else if (expan_bar_num_int ==  38) then price[shift_5]/price[shift_5 -  38] - 1.0 else if (expan_bar_num_int ==  39) then price[shift_5]/price[shift_5 -  39] - 1.0
                else if (expan_bar_num_int ==  40) then price[shift_5]/price[shift_5 -  40] - 1.0 else if (expan_bar_num_int ==  41) then price[shift_5]/price[shift_5 -  41] - 1.0
                else if (expan_bar_num_int ==  42) then price[shift_5]/price[shift_5 -  42] - 1.0 else if (expan_bar_num_int ==  43) then price[shift_5]/price[shift_5 -  43] - 1.0
                else if (expan_bar_num_int ==  44) then price[shift_5]/price[shift_5 -  44] - 1.0 else if (expan_bar_num_int ==  45) then price[shift_5]/price[shift_5 -  45] - 1.0
                else if (expan_bar_num_int ==  46) then price[shift_5]/price[shift_5 -  46] - 1.0 else if (expan_bar_num_int ==  47) then price[shift_5]/price[shift_5 -  47] - 1.0
                else if (expan_bar_num_int ==  48) then price[shift_5]/price[shift_5 -  48] - 1.0 else if (expan_bar_num_int ==  49) then price[shift_5]/price[shift_5 -  49] - 1.0
                else if (expan_bar_num_int ==  50) then price[shift_5]/price[shift_5 -  50] - 1.0 else if (expan_bar_num_int ==  51) then price[shift_5]/price[shift_5 -  51] - 1.0
                else Double.NaN
          else Double.NaN;



#def change_avg = (change_shift_1 + change_shift_2 + change_shift_3 + change_shift_4 + change_shift_5)/5;
def change_avg = if !IsNaN(change_shift_1) and !IsNaN(change_shift_2) and !IsNaN(change_shift_3) and !IsNaN(change_shift_4) and !IsNaN(change_shift_5)
                    then (change_shift_1 + change_shift_2 + change_shift_3 + change_shift_4 + change_shift_5)/5
                 else if !IsNaN(change_shift_1) and !IsNaN(change_shift_2) and !IsNaN(change_shift_3) and !IsNaN(change_shift_4)
                    then (change_shift_1 + change_shift_2 + change_shift_3 + change_shift_4)/4
                 else if !IsNaN(change_shift_1) and !IsNaN(change_shift_2) and !IsNaN(change_shift_3)
                    then (change_shift_1 + change_shift_2 + change_shift_3)/3
                 else if !IsNaN(change_shift_1) and !IsNaN(change_shift_2)
                    then (change_shift_1 + change_shift_2)/2
                 else if !IsNaN(change_shift_1)
                    then (change_shift_1)/1
                 else Double.NaN
                 ;

plot price_projection_1 = (1.0 + change_shift_1)*lastcls;
price_projection_1.SetDefaultColor(Color.PINK);
price_projection_1.HideBubble();
price_projection_1.HideTitle();
price_projection_1.Hide();

plot price_projection_2 = (1.0 + change_shift_2)*lastcls;
price_projection_2.SetDefaultColor(Color.GRAY);
price_projection_2.HideBubble();
price_projection_2.HideTitle();
price_projection_2.Hide();

plot price_projection_3 = (1.0 + change_shift_3)*lastcls;
price_projection_3.SetDefaultColor(Color.YELLOW);
price_projection_3.HideBubble();
price_projection_3.HideTitle();
price_projection_3.Hide();

plot price_projection_4 = (1.0 + change_shift_4)*lastcls;
price_projection_4.SetDefaultColor(Color.RED);
price_projection_4.HideBubble();
price_projection_4.HideTitle();
price_projection_4.Hide();

plot price_projection_5 = (1.0 + change_shift_5)*lastcls;
price_projection_5.SetDefaultColor(Color.GREEN);
price_projection_5.HideBubble();
price_projection_5.HideTitle();
price_projection_5.Hide();

plot price_projection_avg = (1.0 + change_avg)*lastcls;
price_projection_avg.SetDefaultColor(Color.CYAN);
price_projection_avg.SetLineWeight(3);
price_projection_avg.HideBubble();
price_projection_avg.HideTitle();

By default, average of the past five years price movement is shown:

1691310534002.png



With "Show plot" enabled under settings, all previous five years price movements are shown on the chart.

1691310795460.png


Shared at: http://tos.mx/zXpuFtr




Thinkofswim has the chart settings to show seasonality, but it doesn't show how much the price may move from the current price.

1691311137223.png


1691311304317.png
 
Last edited by a moderator:

Join useThinkScript to post your question to a community of 21,000+ developers and traders.

SIGN UP NOW LEARN MORE
Last edited by a moderator:
raffb2020 said:
Instead of just a day can we change it to show for a week or month
Click to expand...
For week, change chart period to week.
For monthly, add monthly option in:
Code: 
def shift = if GetAggregationPeriod() == AggregationPeriod.DAY then shift_daily
              else if GetAggregationPeriod() == AggregationPeriod.WEEK then shift_weekly
              else shift_default
 
hey man, you still using this script? there's something wrong with it but I can't tell the source of problem.
say you turn on all the 5 lines, and just look at SPX and look at the red line(4) shows a SPX 4400 to 6600 in 20days(Jan 9th to Jan 29th). there's not a year in the last 5 years that SPX went up 50% in 20 days. I can list many more tickers, and sometimes it's not just the red line, the code for all 5 lines seems identical, I even changed the whole line 4 code (replaced line 3 code and swapped all 3 to 4), still seems bugged.
 
cainnitelord said:
hey man, you still using this script? there's something wrong with it but I can't tell the source of problem.
say you turn on all the 5 lines, and just look at SPX and look at the red line(4) shows a SPX 4400 to 6600 in 20days(Jan 9th to Jan 29th). there's not a year in the last 5 years that SPX went up 50% in 20 days. I can list many more tickers, and sometimes it's not just the red line, the code for all 5 lines seems identical, I even changed the whole line 4 code (replaced line 3 code and swapped all 3 to 4), still seems bugged.
Click to expand...
I ran a test of the script using SPX data from October 2023 until the beginning of December 2023. Unfortunately, my success rate was only around 50% when predicting option expirations ten days out. I'd like to know if anyone has had better success than this so we can pinpoint where the inaccuracy lies. I still believe in the projection strategy, but I need to improve its accuracy.
 
harishm said:
It is doable, but the script becomes too large as thinkscript is not flexible to write compact software like other programming languages.
Click to expand...
Can making it 10yrs be done just by adding to the existing script? Or are you saying TOS can't handle it?
 
cainnitelord said:
hey man, you still using this script? there's something wrong with it but I can't tell the source of problem.
say you turn on all the 5 lines, and just look at SPX and look at the red line(4) shows a SPX 4400 to 6600 in 20days(Jan 9th to Jan 29th). there's not a year in the last 5 years that SPX went up 50% in 20 days. I can list many more tickers, and sometimes it's not just the red line, the code for all 5 lines seems identical, I even changed the whole line 4 code (replaced line 3 code and swapped all 3 to 4), still seems bugged.
Click to expand...
I see the problem. This is the difficulty with thinkscript to debug as it is very static unlike other programming languages.
 
darrellfung said:
Is anyone using this script? I cannot get it to show the plot line on the chart using the code above.
Click to expand...

Not enabling a plot area to the right of the candles is the most frequent reason, for not showing the plot line that is supposed to appear to the right of the candles.
YSA8ZUp.png

1. click on the gear at the top of the chart
2. click on Time axis
3. put a number in the expansion area representing how far into the future, the line should print
4. click OK


shared chart link: http://tos.mx/!j48kCnK2 MUST follow these instructions for loading shared links
fBOASxi.png
 
You must log in or register to reply here.
Thread starter Similar threads Forum Replies Date
C AGAIG Dynamic Price Flow Upper Label For ThinkOrSwim Custom 1
justAnotherTrader Price-Volume Pattern Detector For ThinkOrSwim Custom 7
samer800 Dynamic Price Oscillator (Zeiierman) for ThinkOrSwim Custom 0
DmD2 Trades Option Chain Script: Delta/Market Price For ThinkOrSwim Custom 4
C EMA 9/21 with Target Price [SS] For ThinkOrSwim Custom 1

Similar threads

Not the exact question you're looking for?

Start a new thread and receive assistance from our community.

87k+ Posts
770 Online
Create Post

Similar threads

Similar threads

The Market Trading Game Changer

Join 2,500+ subscribers inside the useThinkScript VIP Membership Club
  • Exclusive indicators
  • Proven strategies & setups
  • Private Discord community
  • ‘Buy The Dip’ signal alerts
  • Exclusive members-only content
  • Add-ons and resources
  • 1 full year of unlimited support
Try VIP Club Today

Frequently Asked Questions

What is useThinkScript?

useThinkScript is the #1 community of stock market investors using indicators and other tools to power their trading strategies. Traders of all skill levels use our forums to learn about scripting and indicators, help each other, and discover new ways to gain an edge in the markets.

How do I get started?

We get it. Our forum can be intimidating, if not overwhelming. With thousands of topics, tens of thousands of posts, our community has created an incredibly deep knowledge base for stock traders. No one can ever exhaust every resource provided on our site.

If you are new, or just looking for guidance, here are some helpful links to get you started.

What are the benefits of VIP Membership?
VIP members get exclusive access to these proven and tested premium indicators: Buy the Dip, Advanced Market Moves 2.0, Take Profit, and Volatility Trading Range. In addition, VIP members get access to over 50 VIP-only custom indicators, add-ons, and strategies, private VIP-only forums, private Discord channel to discuss trades and strategies in real-time, customer support, trade alerts, and much more. Learn all about VIP membership here.
How can I access the premium indicators?
To access the premium indicators, which are plug and play ready, sign up for VIP membership here.
Back
Top