MrRenev

Buffet indicator

I was tired of not having something to compare the real economic strength of a country (US only for now...) to it's companies valuations.
So I made my own! Trading view does not have the wilshire indice, but it has the Rus 3000, good enough, & the US GDP since 1946 so this is what I am using.
Warren Buffet is famous for liking this so now the idea has its name. Let's call it the Buffet indicator (I doubt the only one that had the idea).

This indicator can be used on any indice thought, even on specific stocks.


You can even use it as a filter with an alarm ( ofc not to be used on its own but patient people can really go far if they ONLY invest when the ratio is at the bottom, just as long as it is in the right companies):

One could invest in the middle of the highest green area (waiting for it to go too low = risk missing out), and add more when it goes to the second green area, for example. You sort it out.

Enjoy! See you on Mars luxury station in 25 years (the one I will build).
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In many ways Crypto is similar to the Internet.
They both are innovative techs. They both are 40 years old.
The difference is the Internet got adopted 25 years ago, and Crypto enthusiasts are still looking for a use case other than criminal activity.

Comentários

Nice work...
Is there any way to cutomised its for India index "Nifty50"? i mean India GDP data
Resposta
MrRenev shubhamjain1499
@shubhamjain1499, Trading View doesn't have the gdp of india. They have nifty 50 at least but not gdp. Alot of indexes of many country are not here, and they only have the US GDP I think, but it is possible they add more in the future.
Resposta
awesome
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