OPEN-SOURCE SCRIPT
Updated Bang For The Buck
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 creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.