Shiller PE Ratio (CAPE Ratio) [WhaleCrew] — Indicator by WhaleCrew

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Our Implementation of the famous Shiller PE Ratio (aka Cyclically Adjusted Price-to-Earnings Ratio) a long-term valuation indicator for the S&P 500.

Calculation: Share price divided by 10 - year average, inflation - adjusted earnings

The indicator works on the M and 12M timeframe and has a built-in moving average that supports an upper and lower bollinger band.

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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