Permabull Profit Ratio

Cumulative profit/loss of market bulls.

Price is only half the story - volume is just as important. This indicator combines both to calculate the ratio of profitable longs to losing longs.

Presumably the banks like to reset this to negative territory now and then (eg March 2020) - which is always a great time to buy. Right now we see a modern record of profitable longs - probably not the best entry, but not an indicator of imminent doom. However it does mean that the "fall will be great" when it comes.

Price is only half the story - volume is just as important. This indicator combines both to calculate the cumulative profit/loss of market bulls.

Notes de version:

Updated color scale on profit ratio

Notes de version:

Show loss as a percentage rather than a multiple

Notes de version:

Add input which allows to set the age of a Permabull's cumulative buy history
Shorter durations tend to experience higher volatility in cumulative profit

Notes de version:

Change default to 21 candles
Use permabull library