THE HISTORY By [VXN]

THE HISTORY By [VXN] - Monthly Seasonal Analysis Indicator

Development Status: This indicator is currently in the development phase and is not yet finished. Features and functionality may change as development continues.

Overview:
This indicator provides comprehensive historical analysis of monthly price patterns, designed to help traders identify recurring seasonal behaviors and market tendencies for the current month across multiple years of data.

Key Features:

Historical Data Analysis:
- Analyzes up to 10 years of historical performance for the current month
- Calculates monthly returns, win rates, and statistical metrics
- Tracks maximum drawdowns and runups for risk assessment
- Requires daily timeframe for accurate monthly calculations

Pattern Recognition:
- Implements a three-period classification system that breaks each month into segments
- Uses visual indicators (🟢🔴🟡) to represent bullish, bearish, and neutral periods
- Helps identify recurring intra-month behavior patterns

Statistical Display:
- Presents historical data in an organized table format
- Shows year-by-year performance comparisons
- Calculates average returns, best/worst performance, and confidence levels
- Displays overall market bias (bullish/bearish tendency) for the current month

Dynamic Zone Overlays:
- Projects Fibonacci-based support/resistance levels based on historical volatility
- Adjusts zone positioning based on the month's historical bias
- Provides visual reference points for potential price targets or reversal areas

Practical Applications:
- Seasonal trading strategy development
- Risk management through historical context
- Understanding market cyclicality and recurring patterns
- Educational tool for studying price behavior over time

Note: This indicator is designed for analysis and education purposes, helping traders understand historical market patterns rather than providing direct trading signals. The data should be used in conjunction with other forms of analysis and proper risk management. As this is still under development, please expect updates and refinements to functionality.