A live data indicator that automatically shades official US recession periods based on monthly NBER data, providing visual context for economic cycles across all chart timeframes.
Explore complementary indicator rolesHow it works
The US Recession indicator uses monthly USREC (US Recession) data from FRED to identify and shade official recession periods determined by the National Bureau of Economic Research (NBER). It employs the barmerge.lookahead_on option to retroactively apply monthly data points to corresponding chart bars, ensuring accurate historical representation.
The indicator automatically updates and highlights recession periods across all timeframes, from 30-minute to weekly charts. It relies on live monthly data to shade periods retrospectively, ensuring that the current month always appears non-recessionary until officially confirmed by subsequent data releases.
Why it may be useful
Understanding economic recession periods is crucial for traders and investors as it provides critical context for market performance and potential strategic adjustments. By visualizing official recession periods, traders can better comprehend broader economic cycles and their potential impact on market behavior and investment strategies.
The indicator offers a transparent, data-driven approach to tracking economic downturns, helping investors make more informed decisions during different economic phases. It eliminates subjective interpretations by using official NBER data, providing a standardized and reliable method for identifying and analyzing recession periods.
When to explore it
This recession indicator is most valuable for long-term investors and swing traders who need to understand broader economic trends and their potential market implications. It is particularly useful when analyzing historical market performance, developing long-term investment strategies, and assessing potential portfolio adjustments during economic transitions.
Traders can leverage this indicator during portfolio rebalancing, sector rotation, or when evaluating the potential impact of economic cycles on different asset classes. It is especially helpful for macro-oriented investors who want to align their strategies with underlying economic conditions and anticipate potential market shifts.
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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.
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