OPEN-SOURCE SCRIPT
P/E Ratio vs Median + Bollinger Band
- 📝 This indicator highlights potential buying opportunities by analyzing the Price-to-Earnings (P/E) ratio in relation to Bollinger Bands and its historical median.
- 🎯 The goal is to provide a visually intuitive signal for value-oriented entries, especially when valuation compression aligns with historical context.
- 💡 Vertical green shading is applied when the P/E ratio drops below the lower Bollinger Band, which is calculated directly from the P/E ratio itself — not price. This condition often signals the ticker may be oversold.
- 🟢 Lighter green appears when the ratio is below the lower band but above the median, suggesting a possible shorter-term entry with slightly more risk.
- 🟢 Darker green appears when the ratio is both below the lower band and below the median, pointing to a potentially stronger, longer-term value entry.
- ⚠️ This logic was tested using 1 and 2-day time frames. It may not be as helpful in longer time frames, as the financial data TradingView pulls in begins in Q4 2017.
- ⚠️ Note: This script relies on financial data availability through TradingView. It may not function properly with certain tickers — especially ETFs, IPOs, or thinly tracked assets — where P/S ratio data is missing or incomplete.
- ⚠️ This indicator will not guarantee successful results. Use in conjunction with other indicators and do your due diligence.
- 🤖 This script was iteratively refined with the help of AI to ensure clean logic, minimalist design, and actionable signal clarity.
- 📢 Idea is based on the script "Historical PE ratio vs median" by haribotagada [tradingview.com/script/LYPchnk0-Historical-PE-ratio-vs-median/]
- 💬 Questions, feedback, or suggestions? Drop a comment — I’d love to hear how you’re using it or what you'd like to see changed.
- 🎯 The goal is to provide a visually intuitive signal for value-oriented entries, especially when valuation compression aligns with historical context.
- 💡 Vertical green shading is applied when the P/E ratio drops below the lower Bollinger Band, which is calculated directly from the P/E ratio itself — not price. This condition often signals the ticker may be oversold.
- 🟢 Lighter green appears when the ratio is below the lower band but above the median, suggesting a possible shorter-term entry with slightly more risk.
- 🟢 Darker green appears when the ratio is both below the lower band and below the median, pointing to a potentially stronger, longer-term value entry.
- ⚠️ This logic was tested using 1 and 2-day time frames. It may not be as helpful in longer time frames, as the financial data TradingView pulls in begins in Q4 2017.
- ⚠️ Note: This script relies on financial data availability through TradingView. It may not function properly with certain tickers — especially ETFs, IPOs, or thinly tracked assets — where P/S ratio data is missing or incomplete.
- ⚠️ This indicator will not guarantee successful results. Use in conjunction with other indicators and do your due diligence.
- 🤖 This script was iteratively refined with the help of AI to ensure clean logic, minimalist design, and actionable signal clarity.
- 📢 Idea is based on the script "Historical PE ratio vs median" by haribotagada [tradingview.com/script/LYPchnk0-Historical-PE-ratio-vs-median/]
- 💬 Questions, feedback, or suggestions? Drop a comment — I’d love to hear how you’re using it or what you'd like to see changed.
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.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
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.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.