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hisatomi

Asset Performance

hisatomi  
Breadth Indicators
7
0
breadthstudies
This indicator calculates actual changes in the asset value, based on the assumption that changes in the dollar value are correlated with changes in the dollar index.

The calculation begins by converting the asset price to dollars. It is then multiplied by the dollar index. This value itself has no inherent meaning, but changes in this value reflect actual changes in the asset value.

SETTINGS

Bars
The calculation starts from the number of bars back.

Assets for comparison
Optional. Any 6 assets for comparison.
Enabling the ADJ on the chart will display the value including dividends.
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.

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.

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