OPEN-SOURCE SCRIPT
Debasement Adjusted CAGR
Equity growth may appear less significant when juxtaposed with the expansion of the money supply. This is because markets tend to adjust prices to reflect changes in money supply almost immediately.
Our indicator offers a unique perspective by adjusting the current ticker price for the M2 money supply and normalizing this data to show the percentage appreciation since the first visible bar on the chart. Users can also select alternative money supply measures, such as the EU-M2, via the indicator's settings.
This approach essentially redefines the price as the "growth of the relative share of the total money supply," providing a novel lens through which to view equity performance.
Additionally, the indicator computes both the Compound Annual Growth Rate (CAGR) and the total growth observed from this adjusted standpoint. These metrics are calculated within the context of the selected time range, adding depth to the analysis.
Although this indicator is compatible with all timeframes, it is primarily designed as a macroeconomic tool. It yields the most meaningful insights when applied to longer-term perspectives, such as weekly or monthly timeframes.
This tool builds upon the foundational work presented in the "Inflation Adjusted Performance Ticker," accessible at Inflation Adjusted Performance Ticker, enhancing its application by normalizing the results and computing CAGR and total growth.
Our indicator offers a unique perspective by adjusting the current ticker price for the M2 money supply and normalizing this data to show the percentage appreciation since the first visible bar on the chart. Users can also select alternative money supply measures, such as the EU-M2, via the indicator's settings.
This approach essentially redefines the price as the "growth of the relative share of the total money supply," providing a novel lens through which to view equity performance.
Additionally, the indicator computes both the Compound Annual Growth Rate (CAGR) and the total growth observed from this adjusted standpoint. These metrics are calculated within the context of the selected time range, adding depth to the analysis.
Although this indicator is compatible with all timeframes, it is primarily designed as a macroeconomic tool. It yields the most meaningful insights when applied to longer-term perspectives, such as weekly or monthly timeframes.
This tool builds upon the foundational work presented in the "Inflation Adjusted Performance Ticker," accessible at Inflation Adjusted Performance Ticker, enhancing its application by normalizing the results and computing CAGR and total growth.
开源脚本
本着TradingView的真正精神，此脚本的创建者将其开源，以便交易者可以查看和验证其功能。向作者致敬！虽然您可以免费使用它，但请记住，重新发布代码必须遵守我们的网站规则。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。
开源脚本
本着TradingView的真正精神，此脚本的创建者将其开源，以便交易者可以查看和验证其功能。向作者致敬！虽然您可以免费使用它，但请记住，重新发布代码必须遵守我们的网站规则。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。