OPEN-SOURCE SCRIPT
Updated Compound Value @ annual rate
By studying historical data we can know the compounded growth rate of an investment from the inception date. For example if we know that an investment has grown at the rate of 6% in the past and if we expect similar growth in the future also, We can plot this graph to understand whether the current price is underpriced or overpriced as per projected return.
In this graph, it takes the initial close price as a principle and rate from the input and calculates the compound amount at each interval.
In this graph, it takes the initial close price as a principle and rate from the input and calculates the compound amount at each interval.
Release Notes
Author changeRelease Notes
Updated input data type for rate
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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