OPEN-SOURCE SCRIPT
Stock Comparison to S&P 500
This indicator, "Stock Comparison to S&P 500," is designed to help traders compare the financial health and valuation of a chosen stock to the S&P 500 index. It compares several key financial metrics of the stock to the corresponding metrics of the S&P 500, including earnings growth, price-to-earnings ratio, price-to-book ratio, and price-to-sales ratio.
The indicator calculates the differences between each metric of the selected stock and the S&P 500, and then weights them using a formula that takes into account the importance of each metric. The resulting value represents the overall comparison between the stock and the S&P 500.
The indicator also displays the differences between the individual metrics in separate plots, allowing traders to see how each metric contributes to the overall comparison. Additionally, it colors the plots green if the selected stock is performing better than the S&P 500 in a particular metric and red if it's performing worse.
Traders can use this indicator to gain insight into the relative financial health and valuation of a selected stock compared to the S&P 500 index, which can help inform their trading decisions.
The indicator calculates the differences between each metric of the selected stock and the S&P 500, and then weights them using a formula that takes into account the importance of each metric. The resulting value represents the overall comparison between the stock and the S&P 500.
The indicator also displays the differences between the individual metrics in separate plots, allowing traders to see how each metric contributes to the overall comparison. Additionally, it colors the plots green if the selected stock is performing better than the S&P 500 in a particular metric and red if it's performing worse.
Traders can use this indicator to gain insight into the relative financial health and valuation of a selected stock compared to the S&P 500 index, which can help inform their trading decisions.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun das Script auch andere Trader verstehen und prüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden. Die Nutzung dieses Codes in einer Veröffentlichung wird in unseren Hausregeln reguliert. Sie können es als Favoriten auswählen, um es in einem Chart zu verwenden.
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.