OPEN-SOURCE SCRIPT
ABC System [KFB Qaunt]
ABC System
The ABC System provides insights into asset performance relative to a benchmark, incorporating metrics such as Alpha, Beta, and Correlation.
Functionality:
The script calculates
Coloring & Criteria
Based on these metrics and criteria, the script generates signals indicating potential trading opportunities.
Input Setup
Inside the indicators settings you can configure parameters such as the
The information created and published by me on TradingView is not prohibited, doesn't constitute investment advice, and isn't created solely for qualified investors
The ABC System provides insights into asset performance relative to a benchmark, incorporating metrics such as Alpha, Beta, and Correlation.
Functionality:
The script calculates
- Alpha: Indicates an asset's risk-adjusted return compared to a benchmark.
- Beta: Measures an asset's volatility compared to a benchmark.
- Correlation: Determines the relationship between an asset and a benchmark.
Coloring & Criteria
Based on these metrics and criteria, the script generates signals indicating potential trading opportunities.
Input Setup
Inside the indicators settings you can configure parameters such as the
- Benchmark Symbol
- Risk-Free Rate
- Lengths for Alpha, Beta & Correlation
- Visualization Options
- Criteria for Beta & Correlation.
The information created and published by me on TradingView is not prohibited, doesn't constitute investment advice, and isn't created solely for qualified investors
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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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.