OPEN-SOURCE SCRIPT
Profitability Index
Displays the percent difference from the outer Bollinger Band to the middle Bollinger Band, in addition to the Simple Moving Average of the Profitability Index itself.
Grants the trader the ability to quickly ascertain the instrument's profitability based on its current and recent percentage of movement.
Grants the trader the ability to quickly ascertain the instrument's profitability based on its current and recent percentage of movement.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.