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Buffet Indicator [QuantNomad]

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Oscillators Trend Analysis buffet buffett buffetindicator SPX (S&P 500 Index) S&P 500 (SPX500) spx500short spx500forecast spx500sell
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oscillator trendanalysis buffet buffett buffetindicator spx spx500 spx500short spx500forecast spx500sell
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.
My First Live Course: qntly.com/101
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Adv.Pine Use-Cases: qntly.com/advpine

Hire Me: qntly.com/hirepine
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