OPEN-SOURCE SCRIPT
Inflation-Adjusted Price Indicator
This indicator allows traders to adjust historical prices for inflation using customizable CPI data. The script computes the adjusted price by selecting a reference date, the original price, and the CPI source (US CPI or custom input) and plots it as a line on the chart. Additionally, a table summarizes the adjusted price values and average and total inflation rates.
While the indicator serves as a standalone tool to understand inflation's impact on prices, it is a supportive element in more advanced trading strategies requiring accurate analysis of inflation-adjusted data.
Disclaimer
Please remember that past performance may not be indicative of future results.
Due to various factors, including changing market conditions, the strategy may no longer perform as well as in historical backtesting.
This post and the script don’t provide any financial advice.
While the indicator serves as a standalone tool to understand inflation's impact on prices, it is a supportive element in more advanced trading strategies requiring accurate analysis of inflation-adjusted data.
Disclaimer
Please remember that past performance may not be indicative of future results.
Due to various factors, including changing market conditions, the strategy may no longer perform as well as in historical backtesting.
This post and the script don’t provide any financial advice.
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.
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📖 Docs: qntly.com/docs
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𝕏: qntly.com/x
📩Telegram: qntly.com/tel
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.