This is a simple market cap indicator. it allows you to see the actual market cap of a stock, live, on the chart, right next to the stock price.
The indicator uses the data provided by Tradingview to calculate the market cap based on the simple calculation of outstanding shares times the price, at any given time.
The indicator can be used to compare the actual value of a stock at different times when sometimes you might discover that the market cap when the price is low is actually higher than the market cap when the price was high. That scenario might happen when the amount of outstanding shares has been changed as time goes by. That conclusion is another nice benefit to having the indicator, on top of just having the Market Cap right in front of your eyes, always up-to-date, changing as the price is changing as well.
transparency= the higher the value, the more transparent the indicator will be. this feature allows you to see the indicator if you want to, but not letting it interrupting your chart.
Hi - when using your indicator it shows the market cap as a % and not a dollar value. How do I change this ? Thanks
InvestingInsights
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Hi to get marketcap in crore instead of billion?
yehonatan.bus
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@rahulkamat555, what is crore?
InvestingInsights
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@Yehonatan.bus, option to see MK in crores instead of billion. 1 crore is equal to 0.01 Billion.
andybentley
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Hi - trying to use your market cap indicator on Audius however I get a Study Error - Resolve_error "Fund resulting in no market cap plot. Can you advise? Thanks in advance
Very cool. My first script was copied and pasted. Thank you!
V783340C
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Hello @Yehonatan.bus - it seems this solution does not work anymore. I don't know if it because of V4 vs V5 of pin editor or anything else. Do you know what we should do to show the market cap of any symbol on the chart ? I have been searching for 2 days now... 😅 Thank you very much if you can help.