Sharpe Ratio Gauge (ToolTack)

Sharpe Ratio Gauge applied to a daily watchlist — the chart plot tracks 180-day Sharpe in real time, the dual-panel screener ranks up to 40 symbols by risk-adjusted return, and the Market Statistics panel summarises the entire watchlist into a single regime read. Sharpe Ratio Gauge is a risk-adjusted performance screener for TradingView. It computes the annualized Sharpe Ratio for the chart symbol over 30-day, 90-day, and 180-day lookback windows. The Sharpe Ratio measures excess return per unit of volatility — how much reward an asset delivers above the risk-free rate, relative to the risk taken to earn it. The chart plot tracks the 180-day Sharpe Ratio in real time and recolours it based on the current regime. Over-valued regimes (Sharpe above the configured upper threshold, default 5.0) are coloured red and represent extreme risk-adjusted outperformance that historically reverts. Under-valued regimes (Sharpe below the lower threshold, default −1.0) are coloured green and represent depressed risk-adjusted return that historically recovers. Critically under-valued regimes (Sharpe below the deep threshold, default −3.0) are coloured blue and represent severe dislocations that often mark cyclical lows. The neutral zone between thresholds is rendered in a soft green and represents balanced risk-adjusted performance. Three horizontal threshold lines and a zero line are drawn on the panel so the current regime is always visible at a glance. The risk-free rate is fully configurable (default 4%) and the 180-day lookback can be tuned to match the trader's preferred holding period. A multi-symbol screener runs in parallel and analyses up to 40 tickers from a configurable comma-separated list. Each symbol is pulled via request.security, invalid tickers are silently skipped, and surviving symbols are analysed against the same 30/90/180-day Sharpe windows used on the chart symbol. The results are rendered as two side-by-side tables — the left table covers symbols 1–20, the right table covers symbols 21–40 — so the entire watchlist is visible without scrolling. Each row reports the symbol, the latest close price, the 30-day Sharpe, the 90-day Sharpe, the 180-day Sharpe with a trend arrow, the 30-day return, the annualized volatility, and the current drawdown from the 180-day peak. The trend arrow next to the 180-day Sharpe shows whether the ratio has improved (▲), declined (▼), or stayed flat (—) versus 30 bars ago, surfacing momentum at the Sharpe level rather than the price level. Every Sharpe cell is colour-coded against the same thresholds used on the chart plot, so the table itself becomes a heat map of risk-adjusted opportunity. Returns are coloured by sign, drawdowns deepening past −10% or −20% are highlighted in orange and red, and row-banded zebra striping keeps long lists readable. A Market Statistics panel is attached to the bottom of the left table and summarises the entire watchlist into a single read. Distribution counts how many symbols sit in each regime — Over, Neutral, Under, and Critical. Momentum compares each symbol's 180-day Sharpe to its value 30 bars ago and reports how many symbols are improving versus declining. Averages report the watchlist-wide mean Sharpe, mean 30-day return, and mean annualized volatility. Best SR and Worst SR identify the strongest and weakest symbol in the entire watchlist along with their Sharpe values. Regime collapses all of the above into a single descriptor — Risk-On (Majority Overvalued), Risk-Off (Majority Critical), Cautious (Undervalued Dominant), or Balanced (Neutral Majority). A Legend panel at the bottom of the right table colour-codes the threshold zones for quick reference. The entire dashboard auto-themes for dark and light TradingView modes and supports four size presets (Tiny, Small, Normal, Large) and six anchor positions (top/middle/bottom × left/right). Sharpe Ratio Gauge is designed exclusively for the daily timeframe. The Sharpe Ratio is mathematically defined on daily returns annualized over 365 days, so the indicator displays an on-chart warning when the chart is set to anything other than 1D. On the daily timeframe it works across every asset class TradingView supports — stocks, ETFs, forex, crypto, futures, indices, and commodities. Built-in alerts fire when the chart symbol's 180-day Sharpe crosses the over-valued, under-valued, or critically under-valued threshold in either direction, so traders can monitor regime changes without watching the chart. Sharpe Ratio Gauge is a risk-adjusted screener and regime filter, not a stand-alone trading system. It tells the trader which symbols are paying for the risk being taken and which are not, but does not generate buy or sell signals on its own. For best results, always combine it with proper risk management. Also combine it with at least one independent directional tool such as a trend filter, momentum oscillator, or higher-timeframe bias.

Sharpe Ratio Gauge is designed for portfolio-minded traders, swing traders, and position traders across stocks, ETFs, forex, crypto, indices, and futures who want to allocate capital based on risk-adjusted performance rather than raw price action. It suits intermediate traders who want a single number that captures both return and risk per symbol and a colour-coded dashboard that ranks an entire watchlist at a glance, and advanced traders, allocators, and quant-leaning discretionary traders who use Sharpe, Sortino, and information-ratio concepts to rotate between assets, identify mean-reversion candidates, and avoid chasing names that have already delivered unsustainable risk-adjusted returns. It works equally well as a stand-alone screener and as a filtering layer inside a broader multi-indicator workflow.

Sharpe Ratio Gauge answers the question every trader actually needs to ask before sizing a position — “is this symbol paying me enough return for the risk I'm taking?” — and answers it for up to 40 tickers at once, in a single colour-coded dashboard. Instead of flipping through charts and eyeballing volatility, traders see the 30-, 90-, and 180-day Sharpe for every symbol side by side, with trend arrows showing whether risk-adjusted performance is improving or deteriorating, and a regime descriptor that summarises the whole watchlist into a one-line read. It surfaces over-extended winners that have historically reverted, under-loved names that have historically recovered, and critically dislocated symbols that often mark cyclical lows — turning a slow, manual screening process into a real-time decision-support tool and helping traders avoid the most common allocation mistake of all: buying the symbol that has already paid for its risk and ignoring the one that hasn't.

• • Risk-adjusted return analysis
• • Multi-symbol Sharpe Ratio screening
• • Watchlist ranking and rotation
• • Regime detection (Risk-On / Risk-Off / Cautious / Balanced)
• • Over-valued reversion candidate identification
• • Under-valued recovery candidate identification
• • Critically under-valued (capitulation) detection
• • Mean-reversion trade screening
• • Momentum confirmation via Sharpe trend
• • Sector and asset-class rotation
• • Portfolio rebalancing decisions
• • Capital allocation between competing setups
• • Volatility-adjusted position sizing
• • Drawdown monitoring across a watchlist
• • Annualized volatility comparison
• • 30-day return ranking
• • Best and worst symbol identification
• • Risk-free rate sensitivity testing
• • Multi-window Sharpe comparison (30 / 90 / 180 day)
• • Threshold-cross alerting for regime changes