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Year over Year Chart Indicator

by QuantShare, 3023 days ago
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This year-over-year chart indicator will allow you to compare stock's movement over the same period of time one or several years ago.

All you have to do is download this trading indicator, create a new chart then create two or more panes.
As an example, create two panes (right click on the chart and select "Create a new pane".
- The first pane will display the candlestick data.
- Right click on the second pane, select "Edit formula", type the following formula then click on "Update Graph"
a = yearcomp(1);
- Right click now on the third pane, select "Edit formula", type the following formula then click on "Update Graph"
a = yearcomp(2);

The "Yearcomp" function gets just one parameter which is the offset year. In the second pane for example, the data will be translated and adjusted so that each bar correspond to the same date as the bar in the first pane.
When you move your mouse over a specific bar (say on Aug 1, 2016), the second pane will display bar's data for Aug 1, 2015, while the third pane will display bar's data for Aug 1, 2014.


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Type: Trading Indicator

Object ID: 1672


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