OPEN-SOURCE SCRIPT

PER x Range

506
This Pine Script calculates the target price of the Nikkei Average based on the EPS (Earnings Per Share) and different PER (Price-to-Earnings Ratio) multiples ranging from 17.5x to 12x, in increments of 0.5x. It then plots these target prices on the chart.

Key Features:
Input EPS: You can manually input the current EPS value of the Nikkei Average (the example uses 2380, but you can replace it with the actual EPS).

PER Multiples Calculation: The script calculates target prices for different PER multiples (17.5x, 17x, 16.5x, ..., down to 12x).

Plotting Target Prices: The calculated target prices (EPS * PER) are plotted on the chart as blue lines, showing you different target price scenarios based on varying PER multiples.

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