A simple script that I made that draws lines between the high and low pivots. The color of the line define if the pivot is higher or lower than the previous pivot. The main thing to tune is the pivot look back vs look ahead, which are the same params used by the tradingview pivot indicator. There are several other params you can tweaks to get the look you want.
DISCRIPTION
The stock market cap to GDP ratio has become known as the Buffett Indicator in recent years, as Warren Buffett commented that he believes it is “probably the best single measure of where valuations stand at any given moment.”
CALCULATION
100*VALUE OF ALL STOCKS IN COUNTRY/GDP OF COUNTRY
100*wilshire5000/gdp
Comparison of two trading instruments using the indicator. Visual comparison often does not provide complete information. The scale and amplitude of the fluctuations of the two trading pairs are very different. Therefore, it is better to compare indicators from these pairs. I have used for this purpose, the speed indicator of price movement wt. The red line is the...
![DJI: WT_BTC_Dow Jones_2019[wozdux]](https://s3.tradingview.com/y/yLskgnZN_mid.png "WT_BTC_Dow Jones_2019[wozdux]")
