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In this amazing age of information, it's likely that most people know someone who wants to be a DJ. With the digitalization of music and new technology increasing accessibility, plus the explosion of DJ culture into mainstream culture, Djs are the new rock stars, and everyone wants to be one. Previously, a DJ needed turntables, a sound system, a competitive collection of records, and a fine tuned skill set to rock a party and claim the title of DJ. Today, technology and music accessibility makes it so anyone with an IDJ2 app on their Ipad or a premium Spotify account can "be the dj". While I think it's awesome that the craft of Djing is accessible to so many, I think it also can make things a bit confusing when it comes to deciding who to hire for your events. Let's imagine that you've got an event coming up, say you're throwing an anniversary party for your parents. Perhaps you've started researching the cost of hiring a mobile DJ, and maybe you were a little taken aback by the $100+ an hour range that was provided to you on the quote.
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Check it out here – promise you'll love it as much as we do. Once you load this indicator on your charting software, you will see it appear as an overlay on your price pane and it should look similar to the image below:
TradingView Seasonality Indicator
Trading gold: How to use the indicator? The TradingView gold seasonality indicator is showing the average price movement during each day of the last five years. Now let's assume we bought gold in January, expecting the price to appreciate an average of 0. 5%, as it has in the past 30 years approximately 60% of the time (from the first chart). When would it be wise to exit the position or to at least lock in some of our open profits? From the same chart above, you can see that February and March are the worst two months for trading gold to the upside. From our TradingView seasonal chart, we can further see that in the past 5 years, on average, the price of gold has nose dived in late February and early March. At this point, we would have enough reason to make an educated decision to lock some profits, or even close our entire long position and avoid the statistical probability of losing our gains.
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