OPEN-SOURCE SCRIPT
Sharpe Ratio by Near ☄️
Description:
Sharpe Ratio by Near ☄️ is a multi-asset performance evaluation tool that calculates the Sharpe Ratio for a set of cryptocurrencies. The Sharpe Ratio is a risk-adjusted performance measurement that takes into account both the returns and the volatility of an asset relative to a risk-free rate. Higher Sharpe Ratios indicate that an asset's returns outweigh its risk, suggesting better risk-adjusted performance.
Features:
- Calculates Sharpe Ratios for the cryptocurrencies: BTCUSD, ETHUSD, BNBUSD, SOLUSD, ADAUSD, XMRUSD.
- Three user-defined time periods for Sharpe Ratio calculations: Sharpe Period 1 (default: 2000 days), Sharpe Period 2 (default: 990 days), and Sharpe Period 3 (default: 600 days).
- Displays Sharpe Ratios in a table format with color-coded cells for easy comparison of values across assets and time periods.
Usage:
To use this indicator, simply add it to your TradingView chart. The Sharpe Ratio values will be calculated and displayed in a table at the middle of the chart. Green cells indicate a Sharpe Ratio greater than or equal to 1, suggesting better risk-adjusted performance, while red cells indicate a Sharpe Ratio less than 1, suggesting poorer risk-adjusted performance. You can customize the time periods for Sharpe Ratio calculations by changing the input values for Sharpe Period 1, Sharpe Period 2, and Sharpe Period 3.
Please note that this indicator uses a maximum of 5000 bars for calculations, and the actual number of bars used may be limited by the available historical data on your chart.
If you have any issues, let me know.
Have a good one.
Sharpe Ratio by Near ☄️ is a multi-asset performance evaluation tool that calculates the Sharpe Ratio for a set of cryptocurrencies. The Sharpe Ratio is a risk-adjusted performance measurement that takes into account both the returns and the volatility of an asset relative to a risk-free rate. Higher Sharpe Ratios indicate that an asset's returns outweigh its risk, suggesting better risk-adjusted performance.
Features:
- Calculates Sharpe Ratios for the cryptocurrencies: BTCUSD, ETHUSD, BNBUSD, SOLUSD, ADAUSD, XMRUSD.
- Three user-defined time periods for Sharpe Ratio calculations: Sharpe Period 1 (default: 2000 days), Sharpe Period 2 (default: 990 days), and Sharpe Period 3 (default: 600 days).
- Displays Sharpe Ratios in a table format with color-coded cells for easy comparison of values across assets and time periods.
Usage:
To use this indicator, simply add it to your TradingView chart. The Sharpe Ratio values will be calculated and displayed in a table at the middle of the chart. Green cells indicate a Sharpe Ratio greater than or equal to 1, suggesting better risk-adjusted performance, while red cells indicate a Sharpe Ratio less than 1, suggesting poorer risk-adjusted performance. You can customize the time periods for Sharpe Ratio calculations by changing the input values for Sharpe Period 1, Sharpe Period 2, and Sharpe Period 3.
Please note that this indicator uses a maximum of 5000 bars for calculations, and the actual number of bars used may be limited by the available historical data on your chart.
If you have any issues, let me know.
Have a good one.
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.