Seasonality Evaluation Tool by Novatrix Capital

This tool is designed to analyze the strength and reliability of seasonal patterns detected by the Seasonality Indicator. While the indicator displays the historical seasonal curve, this tool goes a step further by evaluating how consistent and meaningful the pattern actually is.

It checks whether a seasonal pattern is robust, distorted by outlier years, or statistically relevant. The tool calculates the average returns within the selected seasonal window and shows how reliable the pattern has been over the analyzed period.

For improved verification, the seasonal windows can be visualized directly on the chart. This allows traders to review past occurrences, perform their own backtests, and confirm the quality of the signal.

The tool serves as an ideal complement to the Seasonality Indicator by helping traders identify high-quality, data-driven seasonal trends and avoid misleading or weak patterns.

Usage:
This script is designed for the daily timeframe, as all calculations are based on daily candle data. The settings are easy to adjust, allowing any seasonal period displayed by the indicator to be evaluated quickly.