OPEN-SOURCE SCRIPT
Bang For The Buck
Updated
Bang For The Buck
Release Notes
fixThis indicator shows the possible dollar return (on a $10,000 account) for a security on any given period.
This is calculated by dividing a $10,000 account by the closing price.
This number is then multiplied by the average range of the security for the last 200 periods.
The interpretation is such that the higher the value, the higher the profit potential.
Release Notes
Trading day 252 en.wikipedia.org/wiki/Trading_day
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 publication is governed by House rules. You can favorite it to use it on a chart.
Disclaimer
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