Indicator · Pine Script v5 · Own pane

ROE / PER

by parksb

This indicator retrieves fundamental financial metrics and calculates valuation ratios for equity analysis in a separate pane.

View on GitHub

GitHub stars1on the repository
Pine versionv5runs as is
Lines of code35
Settings1inputs
LicenceNone stated
Last update3 years ago10 Oct 2023

Add It to Your TradingView Chart

  1. 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
  2. 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
  3. 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
  4. 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.

Source Code

The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.

Overview

ROE / PER fetches return on equity, earnings per share, and book value per share to compute price-to-earnings, price-to-book, and the ratio of ROE to PER. The input allows toggling the financial period between fiscal quarter and fiscal year. Plots adapt color dynamically based on ratio thresholds, displaying discontinuous lines when data is updated.

Details

Published by

parksb on GitHub

Type

Indicator, Pine Script v5

Draws

Separate pane below the chart

Markets

Stocks

Timeframes

Any timeframe

Risk Notes

No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

SettingTypeDefaultVariable
PeriodstringFQperiod
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.

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