OPEN-SOURCE SCRIPT
Ghost Month Highlighter
Ghost Month and Trading: Understanding the Phenomenon
Ghost Month (鬼月) is the seventh month of the lunar calendar in Chinese culture, typically falling between late July and September. During this period, it's believed that the gates of the afterlife open and spirits roam the earth. This deeply rooted cultural belief has significant implications for Asian markets, particularly in regions with large Chinese populations like Taiwan, Hong Kong, Singapore, and mainland China.
Why Markets Often Decline or Stay Flat During Ghost Month:
Reduced Business Activity: Many businesses avoid launching new products, signing major contracts, or making significant investments during this period, believing it brings bad luck.
Property Market Slowdown: Real estate transactions drop significantly as people avoid moving homes or making large purchases. In some markets, property sales can decline by 20-30%.
IPO and M&A Drought: Companies often delay IPOs and merger announcements until after Ghost Month, reducing market catalysts.
Retail Spending Drops: Consumer spending on big-ticket items decreases, though spending on offerings and religious items increases.
Self-Fulfilling Prophecy: Many traders and investors reduce positions or stay on the sidelines, creating lower volumes and increased volatility. This becomes a self-fulfilling prophecy where expectation of poor performance leads to actual underperformance.
Tourism and Entertainment Impact: Travel and entertainment sectors see reduced activity as people avoid unnecessary trips and celebrations.
Historical data shows that Asian equity markets often underperform during Ghost Month, with some studies indicating average returns can be 2-5% lower than other months. However, this also creates opportunities for contrarian investors who buy during the seasonal weakness.
Inspired by @honey_xbt
Ghost Month (鬼月) is the seventh month of the lunar calendar in Chinese culture, typically falling between late July and September. During this period, it's believed that the gates of the afterlife open and spirits roam the earth. This deeply rooted cultural belief has significant implications for Asian markets, particularly in regions with large Chinese populations like Taiwan, Hong Kong, Singapore, and mainland China.
Why Markets Often Decline or Stay Flat During Ghost Month:
Reduced Business Activity: Many businesses avoid launching new products, signing major contracts, or making significant investments during this period, believing it brings bad luck.
Property Market Slowdown: Real estate transactions drop significantly as people avoid moving homes or making large purchases. In some markets, property sales can decline by 20-30%.
IPO and M&A Drought: Companies often delay IPOs and merger announcements until after Ghost Month, reducing market catalysts.
Retail Spending Drops: Consumer spending on big-ticket items decreases, though spending on offerings and religious items increases.
Self-Fulfilling Prophecy: Many traders and investors reduce positions or stay on the sidelines, creating lower volumes and increased volatility. This becomes a self-fulfilling prophecy where expectation of poor performance leads to actual underperformance.
Tourism and Entertainment Impact: Travel and entertainment sectors see reduced activity as people avoid unnecessary trips and celebrations.
Historical data shows that Asian equity markets often underperform during Ghost Month, with some studies indicating average returns can be 2-5% lower than other months. However, this also creates opportunities for contrarian investors who buy during the seasonal weakness.
Inspired by @honey_xbt
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開源腳本
本著TradingView的真正精神，此腳本的創建者將其開源，以便交易者可以查看和驗證其功能。向作者致敬！雖然您可以免費使用它，但請記住，重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。