joelray712

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.
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 a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

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