AK "Follow the Money" Indicator [E] by Algokid

Here's the indicator for equities

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

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Want to use this script on a chart?

study("AK FTM indicator_Equity")

// 85 days provide best return for the system over 15 years
len = input(85,title = " # days")


// calculate the ROC for equity (SPY) and bonds (TLT)
R2 = security("TLT","D",roc(close,len))
R1 = security("SPY","D",roc(close,len))

// Signals
buy = (R1 > R2)
sell =(R2 > R1)

//Plot signals
plot(R2,color= blue,linewidth=2,title="BOND")
plot(R1,color= purple,linewidth=2,title="EQUITY")

// Visual
bgcolor(buy ? lime:red)