ABC System [KFB Qaunt]

ABC System
The ABC System provides insights into asset performance relative to a benchmark, incorporating metrics such as Alpha, Beta, and Correlation.

The script calculates
  • Alpha: Indicates an asset's risk-adjusted return compared to a benchmark.
  • Beta: Measures an asset's volatility compared to a benchmark.
  • Correlation: Determines the relationship between an asset and a benchmark.

Coloring & Criteria

Based on these metrics and criteria, the script generates signals indicating potential trading opportunities.

Input Setup
Inside the indicators settings you can configure parameters such as the
  • Benchmark Symbol
  • Risk-Free Rate
  • Lengths for Alpha, Beta & Correlation
  • Visualization Options
  • Criteria for Beta & Correlation.

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Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.


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