A monthly performance analysis tool that calculates maximum drawdowns and upward moves, helping traders identify seasonal patterns and assess risk across multiple years.
Explore complementary indicator rolesHow it works
The script enables users to select a specific month and analyze its performance across multiple years by calculating key metrics like maximum drawdowns and maximum upward moves. It dynamically generates a visual chart with semi-transparent overlays highlighting the selected month, providing clear labels that display the percentage drops and rises directly on the chart.
Additionally, the tool creates a comprehensive summary table that breaks down the maximum drawdowns and upward moves for each year, allowing traders to easily compare and identify patterns. Users can customize the display by toggling the visibility of drawdown labels, move-up labels, and the summary table for a cleaner, more focused view.
Why it may be useful
This analysis tool provides traders with a systematic approach to understanding monthly market performance, revealing critical insights into historical price movements and potential seasonal trends. By quantifying maximum drawdowns and upward moves, traders can gain a deeper understanding of market volatility and risk characteristics for specific months.
The visual and tabular representations make complex data more accessible, enabling traders to quickly identify patterns, assess historical performance, and make more informed trading decisions. This approach transforms raw market data into actionable intelligence, helping traders develop more robust strategies based on long-term historical behavior.
When to explore it
This tool is most effective for traders looking to develop a comprehensive understanding of monthly market dynamics across multiple years. It is particularly useful for swing traders and investors who want to identify seasonal patterns and assess potential risks and opportunities in specific months.
Traders can leverage this analysis when developing long-term trading strategies, portfolio allocation decisions, or when preparing for potential seasonal market variations. It is especially valuable for those interested in understanding historical volatility, identifying potential cyclical market behaviors, and making more data-driven investment decisions.
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What we’ve verified
Access, alerts and repainting behaviour have not been independently verified for this indicator. Check the creator’s current publication and settings.
General descriptions and classifications are recovered research. Verified details above identify the specific checks we have completed. Check the creator’s current publication for later changes.
