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PureRebalance

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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).
Release Notes:
v2

Updated:
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" arguments

Updated:
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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