TradingView
WhaleCrew
9 mag 2022 21:31

Buffett Indicator: Wilshire 5000 to GDP Ratio [WhaleCrew] 

SP:SPX1M
S&P 500SP

Descrizione

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Our Implementation of the famous Buffett Indicator a long-term valuation indicator for stocks.

Calculation: Wilshire 5000 Index divided by US GDP (Gross Domestic Product)

Note di rilascio

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Changed title

Note di rilascio

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Fixed calculation (TradingView made changes to the FRED:GDP symbol)
Fundamental AnalysisbuffettwarrenbuffetGDPwilshire5000longterminvesting
Commenti
Rise_of_Skywalker
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added the +/- 2 standard deviation into the ta.sma(ratio, i_maLength) function. However, it seems that some areas are contracting. I am not sure how to draw a linear line so that the standard deviation becomes an offset with equal distance with the ta.sma(ratio, i_maLength)
Rise_of_Skywalker
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SMA_ratio = ta.sma(ratio, i_maLength)
std_dev = ta.stdev(SMA_ratio, i_maLength)

// Plots
plot(SMA_ratio, color=color.blue, linewidth=2, title='SMA')
plot(SMA_ratio + 2 * std_dev, color=color.red, linewidth=1, title='SMA + 2 STD')
plot(SMA_ratio - 2 * std_dev, color=color.green, linewidth=1, title='SMA - 2 STD')
tjfopp
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Thanks for this!
WhaleCrew
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@tjfopp, Thanks for your comment :)
deltaccm
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are there any changes in tradingview unit calculation? the number is 0 right now
WhaleCrew
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@deltaccm, Thank's for your comment, I just fixed the calculation (TradingView made changes to the FRED:GDP symbol).
masala
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Well done - thanks for sharing!
WhaleCrew
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@masala, You're welcome :)
chasekempf13
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Question for you: How do I get the historical trend line to lay on the Buffett indicator likes yours?
WhaleCrew
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@chasekempf13, Make sure to enable the checkbox in the indicator's settings
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