PINE LIBRARY
PureRebalance
Updated
Library "PureRebalance"
A rebalance function that is pure.
Depends only on its arguments to perform the necessary calculations.
rebalance(token_price, portfolio_token_amount, portfolio_fiat_amount, rebalance_ratio) Rebalances a portfolio made of tokens and fiat to a given ratio of tokens per fiat
Parameters:
token_price: The value of a single unit (1) token
portfolio_token_amount: The number of tokens in the portfolio
portfolio_fiat_amount: Fiat available in the portfolio
rebalance_ratio: The ratio of token value / fiat that the portfolio should have after the rebalance (0.5 is used if no argument is supplied).
Returns: The number of tokens to buy or sell in order to achieve the desired portfolio ratio passed as argument (a positive value is returned if the tokens are to be bought, and negative value if the tokens are to be sold).
A rebalance function that is pure.
Depends only on its arguments to perform the necessary calculations.
rebalance(token_price, portfolio_token_amount, portfolio_fiat_amount, rebalance_ratio) Rebalances a portfolio made of tokens and fiat to a given ratio of tokens per fiat
Parameters:
token_price: The value of a single unit (1) token
portfolio_token_amount: The number of tokens in the portfolio
portfolio_fiat_amount: Fiat available in the portfolio
rebalance_ratio: The ratio of token value / fiat that the portfolio should have after the rebalance (0.5 is used if no argument is supplied).
Returns: The number of tokens to buy or sell in order to achieve the desired portfolio ratio passed as argument (a positive value is returned if the tokens are to be bought, and negative value if the tokens are to be sold).
Release Notes
v2Updated:
rebalance(token_price, portfolio_token_amount, portfolio_fiat_amount, rebalance_ratio) Rebalances a portfolio made of tokens and fiat to a given ratio of tokens per fiat
Parameters:
token_price: The value of a single unit (1) token
portfolio_token_amount: The number of tokens in the portfolio
portfolio_fiat_amount: Fiat available in the portfolio
rebalance_ratio: The ratio of token value / fiat that the portfolio should have after the rebalance (0.5 is used if no argument is supplied).
Returns: The number of tokens to buy or sell in order to achieve the desired portfolio ratio passed as argument (a positive value is returned if the tokens are to be bought, and negative value if the tokens are to be sold).
Release Notes
v3 - Removed all "simple" argumentsUpdated:
rebalance(token_price, portfolio_token_amount, portfolio_fiat_amount, rebalance_ratio) Rebalances a portfolio made of tokens and fiat to a given ratio of tokens per fiat
Parameters:
token_price: The value of a single unit (1) token
portfolio_token_amount: The number of tokens in the portfolio
portfolio_fiat_amount: Fiat available in the portfolio
rebalance_ratio: The ratio of token value / fiat that the portfolio should have after the rebalance (0.5 is used if no argument is supplied).
Returns: The number of tokens to buy or sell in order to achieve the desired portfolio ratio passed as argument (a positive value is returned if the tokens are to be bought, and negative value if the tokens are to be sold).
Pine library
In true TradingView spirit, the author has published this Pine code as an open-source library so that other Pine programmers from our community can reuse it. Cheers to the author! You may use this library privately or in other open-source publications, but reuse of this code in a publication is governed by House rules.
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