Plots yearly candles from monthly candles data. This indicator could also be used to view yearly candles of those symbols for which candlesticks are not available in TradingView (for e.g., ECONOMICS:USINTR, ECONOMICS:USIRYY, ECONOMICS:USWG etc)
As these are not out of the box candles they do have these shortcomings -
Last candle's data is not available in status line, a separate label lists OHLC and change details near its close level
The very first candle's width may vary based on how much data is available for that year
Works only with monthly timeframe
Only those indicators that can be added on other indicators can be applied, however, they may still not work as intended as this still technically is a monthly chart!
Really this is great script. Big thanks to Iravan. Can we use this script for nifty and bank nifty with out modify script? or else we could change any script code? Please advise.
iravan
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@rishiprabhutds, You could use this for any symbol without modifying the script!
rishiprabhutds
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@iravan, Thank so much quick reply. I have another last question. can we add any additional indicator for accuracy?
iravan
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@rishiprabhutds, Please check the description of the script for limitations - "Only those indicators that can be added on other indicators can be applied, however, they may still not work as intended as this still technically is a monthly chart!"
SashaH
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Looks great. How to make it logarithmic? Also a quarterly chart would be nice.
iravan
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@SashaH, You could right click on the price scale and choose Logarithmic. Will add Quarterly in sometime.
Can we use this script for nifty and bank nifty with out modify script? or else we could change any script code?
Please advise.