Taylor RuleThe Taylor rule is a simple formula that John Taylor devised to guide policymakers. It calculates what the federal funds rate should be, as a function of the output gap and current inflation. Here, we measure the output gap as the difference between potential output and real GDP. Inflation is measured by changes in the CPI, and we use a target inflation rate of 2%. We also assume a steady-state real interest rate of 2%.
Rule
Sahm Rule Recession Indicator (by Alex L.)Real-time Sahm Rule Recession Indicator (idea by Claudia Sahm) based on US national unemployment rate.
I added an enhanced feature (optional) that uses slight variation in Sahm's idea and is usable to detect oversold stocks/crypto.
Enjoy!
Rule Number 1 Signals [ALERTS]Alerts version of rule number 1 signals, a long-only strategy for long term investors to help them enter positions more optimally
Rule Number 1 SignalsThis script takes the Rule #1 3 tools and plots them on the graph, to provide an additional level of indication for when to sell and when to buy.
