OPEN-SOURCE SCRIPT
Offset Project
Intended for use with CPI symbols like:
CPIAUCNS (all items)
CPILFENS (core)
Shows the CPI values from a year ago, next to the current values. This makes it easier to visualize the base effects.
Has a 'max inflation rate' parameter. This is shown as a red line. So for example, if it's set to 3, then CPI must stay below the red line in in order for the inflation rate to stay below 3.
CPIAUCNS (all items)
CPILFENS (core)
Shows the CPI values from a year ago, next to the current values. This makes it easier to visualize the base effects.
Has a 'max inflation rate' parameter. This is shown as a red line. So for example, if it's set to 3, then CPI must stay below the red line in in order for the inflation rate to stay below 3.
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 publication is governed by House rules. You can favorite it to use it on a chart.
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