Inflation Rate of Change

What this indicator does:
This indicator pulls in Consumer Price Index data and applies a rate of change formula to it. The output is measured as a percentage. I.e. 7 would mean a 7% rate of change over the look-back period.
Options in the indicator:
You can change the amount of bars back it uses to calculate rate of change. By default it is set to 253, which would be looking 1 year back on a normal stock market day chart. If you are on a month chart, you would input 12 there to look 1 year back, etc.
There are also different versions of the CPI that you can select with a drop-down input to pull in different inflation measures:
- FRED:CPIAUCSL = Urban Consumers, All Items (this is the default data it pulls, and is a common way to measure inflation)
- FRED:CPIUFDNS = Food
- FRED:CPIHOSNS = Housing
- FRED:CPIENGSL = Energy
Disclaimer: Open-source scripts I publish in the community are largely meant to spark ideas that can be used as building blocks for part of a more robust trade management strategy. If you would like to implement a version of any script, I would recommend making significant additions/modifications to the strategy & risk management functions. If you don’t know how to program in Pine, then hire a Pine-coder. We can help!
Skrip sumber terbuka
Dalam semangat sebenar TradingView, pencipta skrip ini telah menjadikannya sumber terbuka supaya pedagang dapat menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupun anda boleh menggunakannya secara percuma, ingat bahawa menerbitkan semula kod ini adalah tertakluk kepada Peraturan Dalaman kami.
Untuk akses pantas pada carta, tambah skrip ini kepada kegemaran anda — ketahui lebih lanjut di sini.
Hire me to code or automate your trading strategy, or schedule a free consultation at:
TradeAutomation.net
Penafian
Skrip sumber terbuka
Dalam semangat sebenar TradingView, pencipta skrip ini telah menjadikannya sumber terbuka supaya pedagang dapat menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupun anda boleh menggunakannya secara percuma, ingat bahawa menerbitkan semula kod ini adalah tertakluk kepada Peraturan Dalaman kami.
Untuk akses pantas pada carta, tambah skrip ini kepada kegemaran anda — ketahui lebih lanjut di sini.
Hire me to code or automate your trading strategy, or schedule a free consultation at:
TradeAutomation.net