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The Year to date change is a trading indicator that is usually used to calculate the percentage change of a stock's last closing price compared to the previous year close price. You can also use the indicator to calculate the Year to date percentage change of any other time-series or indicator.
The trading indicator name is "YearGain". The first and only argument it accepts is the time-series that will be used to calculate the Year to date percentage gain. Example: YearGain(close) to get a stock percent increase or decrease in a given year. The indicator won't work if historical data of a stock covers less than one year.
The indicator has many applications. For example, the indicator can be applied to calculate the YTD change of another stock or index and compare that value to the YTD change of the current stock.
a = YearGain(GetSeries("^GSPC", close));
b = YearGain(close);
res = b - a;
In the above example, I simply referenced an external index (S&P 500) using the "GetSeries" function, and then calculated the difference between the Year to date change of current active stock and the Year to date change of the S&P 500 Index. The result can be called the Year to date relative strength index.
