S&P500 Investment Average — Indicator by SkyfightTV

This script lets you choose the best time to invest in the S&P 500, thanks to a line showing an average growth of 8.32% over 50 years, starting from the price of $86.84 on January 1, 1974.

Thanks to this line indicating the price of the S&P 500 based on the average growth of the index. You'll be able to tell when the index is overvalued or undervalued.
When the price is below 20% of the line, it's a good time to invest your cash for the crash. And when it's back in the black, it's time to reduce your DCA.

You can also specify a specific date in the settings to watch the percentage whenever you like.

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

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.

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