OPEN-SOURCE SCRIPT
Drawdown - Price vs Fundamentals

In this study, we are trying to compare drawdown from ATH of price and fundamentals to understand if price drawdown is really justifyable or if this is the buying opportunity.
For example,
BABA in the chart below shows that price has come down by more than 50%. But, the fundamentals has not changed upto this extent.

This may be viewed as buying opportunity from the eyes of fundamental based trader.
Similarly
LPX is trading at 15% below ATH whereas fundamentals are at peak. This again can be considered as buying opportunity.

AAPL on the other hand is trading almost near ATH whereas fundamentals are having higher drawdown.
Well, this is just one factor to consider. I am about to release another script which can demonstrate amount of time (in terms of percentage) instrument trades at certain drawdown range. This looks something like this:

These two scripts can be used in conjunction to define your fundamental based trade.
I can add more funcamentals to the list. But, the higher value of fundamental should correlate to better position. Hence we cannot use things such as PE (which inversely correlates to value). Also need to keep the factor which includes total number of shares in it so that it is not affected by share dilution. Hence, have considered Total Revenue per Share instead of Total Revenue in this script.
Thanks to mattX5 for suggesting fundamental based ideas in this line :)
For example,
This may be viewed as buying opportunity from the eyes of fundamental based trader.
Similarly
Well, this is just one factor to consider. I am about to release another script which can demonstrate amount of time (in terms of percentage) instrument trades at certain drawdown range. This looks something like this:
These two scripts can be used in conjunction to define your fundamental based trade.
I can add more funcamentals to the list. But, the higher value of fundamental should correlate to better position. Hence we cannot use things such as PE (which inversely correlates to value). Also need to keep the factor which includes total number of shares in it so that it is not affected by share dilution. Hence, have considered Total Revenue per Share instead of Total Revenue in this script.
Thanks to mattX5 for suggesting fundamental based ideas in this line :)
오픈 소스 스크립트
진정한 트레이딩뷰 정신에 따라 이 스크립트 작성자는 트레이더가 기능을 검토하고 검증할 수 있도록 오픈소스로 공개했습니다. 작성자에게 찬사를 보냅니다! 무료로 사용할 수 있지만 코드를 다시 게시할 경우 하우스 룰이 적용된다는 점을 기억하세요.
Trial - trendoscope.io/trial
Subscribe - trendoscope.io/pricing
Blog - docs.trendoscope.io
Subscribe - trendoscope.io/pricing
Blog - docs.trendoscope.io
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.
오픈 소스 스크립트
진정한 트레이딩뷰 정신에 따라 이 스크립트 작성자는 트레이더가 기능을 검토하고 검증할 수 있도록 오픈소스로 공개했습니다. 작성자에게 찬사를 보냅니다! 무료로 사용할 수 있지만 코드를 다시 게시할 경우 하우스 룰이 적용된다는 점을 기억하세요.
Trial - trendoscope.io/trial
Subscribe - trendoscope.io/pricing
Blog - docs.trendoscope.io
Subscribe - trendoscope.io/pricing
Blog - docs.trendoscope.io
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.