This is an open-source version of the Buffett indicator. The old version was code-protected and broken, so I created another version. It's computed simply as the entire SPX 500 capitalization divided by the US GDP. Since TradingView does not have data for the SPX 500 capitalization, I used quarterly values of SPX devisors as a proxy. I tried to create another...
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
Created a version of Buffet Indicator for TradingView. He calls it "the best single measure of where valuations stand at any given moment". Computations are very simple, it is simply the ratio between total stock market capitalization and US GDP. I used the S&P 500 capitalization instead of the total so value here might be a bit lower than in the original...
It's just the 200 day moving average / divided by the price. Shows you where Buffet would buy and sell at.