P/E Rating by The Noiseless Trader

P/E Rating by The Noiseless Trader
This script analyzes a symbol’s Price-to-Earnings (P/E) ratio, using Diluted EPS (TTM) fundamentals directly from TradingView.

The script calculates the Price-to-Earnings ratio (P/E) using Diluted EPS (TTM) fundamentals. It then identifies:

• PE High → the highest valuation point over a long historical range.
  
• PE Low → the lowest valuation point over the same period.
  
• PE Median → the midpoint between the two extremes, offering a fair-value benchmark.
  
• PE (Int) → an additional intermediate low to track more recent undervaluation points.
  

These levels are plotted directly on the chart as horizontal references, with markers showing the exact bars/dates when the extremes occurred. Candles corresponding to those days are also highlighted for context.

Bars corresponding to these extremes are highlighted (red = PE High, green = PE Low).

How it helps

1. Provides a historical valuation framework that complements technical analysis.
   
2. Helps identify whether current price action is happening near overvalued or undervalued zones.
   
3. Adds a long-term perspective to support swing trading and investing decisions.
   
4. Offers a simple visual map of how far the market has moved from “cheap” to “expensive.”
   

This tool is best suited for long-term investors and swing traders who want to merge fundamentals with technical setups.

This indicator is intended as an educational aid for students of The Noiseless Trader. It bridges the gap between fundamental valuation (earnings multiples) and technical execution, allowing learners to apply classroom concepts in real-time market conditions.