Quarter Shift Identifier

4天前

Quarter Shift Identifier

This indicator helps traders and analysts identify significant price movements between quarters. It calculates the percentage change from the close of the previous quarter to the current price and signals when this change exceeds a 4% threshold.

Key Features:
• Automatically detects quarter transitions
• Calculates quarter-to-quarter price changes
• Signals significant shifts when the change exceeds 4%
• Displays blue up arrows for bullish shifts and red down arrows for bearish shifts

How it works:
1. The script tracks the closing price of each quarter
2. When a new quarter begins, it calculates the percentage change from the previous quarter's close
3. If the change exceeds 4%, an arrow is plotted on the chart

This tool can be useful for:
• Identifying potential trend changes at quarter boundaries
• Analyzing seasonal patterns in price movements
• Supplementing other technical analysis tools for a comprehensive market view

Recommended Timeframes are Weekly and Daily.

Disclaimer:
This indicator is for informational and educational purposes only. It is not financial advice and should not be the sole basis for any investment decisions. Always conduct your own research and consider your personal financial situation before trading or investing. Past performance does not guarantee future results.