NEXT TURN
digital signal processing, applied to financial time series
Home Charts Markets Calendar Rhythms Seasonality How it works Premium
Seasonality vs cycles

The year is one cycle of many

A seasonal chart averages the past years of a market to show how it usually moves through the calendar. Here you get it for any market, month by month, with how consistent it has been. In signal terms, a seasonal chart is a cycle with its period fixed at one year and its phase frozen to the calendar: neither is allowed to move. Next Turn measures the rhythms in the same data without fixing either: how long each one really is, and where it stands today.

What a seasonal chart does

Five calendar years of one market, each with its own trend taken out, averaged into one line (gold): the seasonal chart. We use the last five years, so the chart follows how the market has traded recently.

━ average of the last 5 years: the seasonal chart━ this year so far
trend removed the usual seasonal view
↔ swipe for the months before and after

Best and weakest month
━ the cycles Next Turn measures━ this year so far
↔ swipe for the months before and after

Next Turn measured rhythm

What Next Turn measures alongside it

The same market, as the charts page reads it: the rhythms found in the data, with the length they really have, followed to today and projected about one cycle ahead. Green dots are lows, red dots are highs. The white line is this year so far, as on the chart above.

SEASONAL CHARTNEXT TURN
<>

Two views of the same year

The two charts above, on one picture. Slide to compare the seasonal chart with the cycles Next Turn measures.

White: this year so far, its trend taken out, the same on both sides.

In short

Measures the length of each rhythm from the data: 78 trading days, 120, 230, whatever it is, not one year by default.
Reads where it stands today, every night, instead of assuming the same dates every year.
Projects about one cycle of its longest rhythm ahead, with a window around each turn, and marks the most recent turn as provisional.

It is a measurement, not a forecast and not advice. A rhythm can drift, fade or break, and a projected turn may come early, late, or be overrun by a strong trend.

See it on the charts

How the rhythms are found: How it works.