PROTECTED SOURCE SCRIPT
Buffet Indicator [QuantNomad]
Created a version of Buffet Indicator for TradingView.
He calls it "the best single measure of where valuations stand at any given moment".
Computations are very simple, it is simply the ratio between total stock market capitalization and US GDP.
I used the S&P 500 capitalization instead of the total so value here might be a bit lower than in the original indicator.
Very high values might mean that we're now in a bubble and correction might follow shortly.
He calls it "the best single measure of where valuations stand at any given moment".
Computations are very simple, it is simply the ratio between total stock market capitalization and US GDP.
I used the S&P 500 capitalization instead of the total so value here might be a bit lower than in the original indicator.
Very high values might mean that we're now in a bubble and correction might follow shortly.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations โ learn more here.
๐ป Online Courses and Access to PRO Indicators in the QuanTribe community: qntly.com/qt
๐ผ Hire Us: qntly.com/pine
๐ Book a call: qntly.com/cons
๐ฐ qntly.com/news
๐: qntly.com/x
๐ฉ qntly.com/tel
๐ผ Hire Us: qntly.com/pine
๐ Book a call: qntly.com/cons
๐ฐ qntly.com/news
๐: qntly.com/x
๐ฉ qntly.com/tel
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations โ learn more here.
๐ป Online Courses and Access to PRO Indicators in the QuanTribe community: qntly.com/qt
๐ผ Hire Us: qntly.com/pine
๐ Book a call: qntly.com/cons
๐ฐ qntly.com/news
๐: qntly.com/x
๐ฉ qntly.com/tel
๐ผ Hire Us: qntly.com/pine
๐ Book a call: qntly.com/cons
๐ฐ qntly.com/news
๐: qntly.com/x
๐ฉ qntly.com/tel
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.