Mayer Multiple (with muti-color histogram)

19 มี.ค. 2018

This is inspired by unbound's work on the Mayer Multiple script.

This script is designed to work with the daily chart.



I created this script so you can see the daily Mayer Multiple by just hovering over the bar in the histogram. I modified the color of the histogram bar to indicate the following:

Red = Over 2.4x Mayer Multiple, overvalued
Yellow = Between 1x to 2.4x Mayer Mutiple, fairly valued
Green = Under 1x Mayer Multiple, undervalued

This is my first script so let me know if there are any issues or suggestions on how to change it.