EquitiesScreenerIntermediate

Sharpe Ratio Gauge (ToolTack)

A multi-symbol Sharpe Ratio screener that ranks up to 40 assets by risk-adjusted return and flags over-valued, under-valued, and critically under-valued regimes in real time.

Sharpe Ratio Dashboard is a multi-asset TradingView indicator that tracks risk-adjusted performance across the chart symbol and up to 40 watchlist tickers. It calculates annualized Sharpe Ratio over 30-day, 90-day, and 180-day lookback windows. The chart highlights when risk-adjusted return is over-valued, under-valued, or critically under-valued based on configurable thresholds. A dual-panel dashboard shows Sharpe ratios, 30-day return, annualized volatility, drawdown, and whether each symbol is improving or weakening. The Market Statistics panel summarizes the full watchlist into a Risk-On, Risk-Off, Cautious, or Balanced regime view.

Overview

Sharpe Ratio Gauge is a daily TradingView screener that measures risk-adjusted performance using 30-day, 90-day, and 180-day Sharpe Ratios. The chart plot tracks the 180-day Sharpe and highlights over-valued, under-valued, critical, and neutral regimes. A dual-panel dashboard ranks up to 40 symbols with Sharpe ratios, returns, volatility, drawdown, and trend arrows. The Market Statistics panel summarizes the full watchlist into Risk-On, Risk-Off, Cautious, or Balanced conditions. It helps traders compare assets by return per unit of risk, but should be used with trend, momentum, and risk-management tools.

Who It's For

Sharpe Ratio Gauge is built for traders and allocators who want to compare assets by risk-adjusted performance. It suits portfolio-minded traders, swing traders, and position traders across stocks, ETFs, forex, crypto, indices, and futures. Intermediate traders can use the Sharpe reading and color-coded dashboard to rank a full watchlist quickly. Advanced traders can use it to rotate between assets, identify mean-reversion candidates, and avoid overextended names. It works as a standalone screener or as a filtering layer inside a broader multi-indicator trading workflow.

Why It's Useful

Sharpe Ratio Gauge helps traders decide whether a symbol is delivering enough return for the risk being taken. It compares up to 40 tickers at once using 30-day, 90-day, and 180-day Sharpe Ratios. The dashboard shows risk-adjusted strength, trend arrows, and whether performance is improving or weakening. It helps identify overextended winners, undervalued recovery candidates, and critically dislocated symbols. This turns manual risk-return screening into a faster, clearer allocation tool for better position selection.

Use Cases

Risk-adjusted return analysis
Multi-symbol Sharpe Ratio screening
Watchlist ranking and rotation
Regime detection for Risk-On, Risk-Off, Cautious, and Balanced conditions
Overvalued reversion candidate identification
Undervalued recovery candidate identification
Critically undervalued capitulation detection
Mean-reversion trade screening
Momentum confirmation using 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 across 30-day, 90-day, and 180-day periods
Threshold-cross alerting for regime changes

Sharpe Ratio Gauge — User Manual

View Manual

Setup Guide

Subscribers see the full step-by-step setup guide here. Subscribe to unlock.

Create account

FAQ

What does this tool do?+

Sharpe Ratio Gauge computes the annualized Sharpe Ratio — excess return per unit of volatility — for the chart symbol across 30-day, 90-day, and 180-day windows, and screens up to 40 additional symbols in parallel. The chart plot recolours based on whether risk-adjusted return is over-valued, under-valued, critically under-valued, or neutral. Two side-by-side dashboards rank every watchlist symbol by Sharpe with trend arrows, price, 30-day return, annualized volatility, and current drawdown, while a Market Statistics panel collapses the whole watchlist into a single regime read.

Which markets does this tool support?+

The indicator is fully multi-asset. It works on stocks, ETFs, forex, crypto, futures, indices, and commodities — anywhere TradingView provides daily price data. The Sharpe Ratio is computed entirely from price returns, so it does not depend on a volume feed and is equally accurate across asset classes.

Which timeframes can I use it on?+

Sharpe Ratio Gauge is designed exclusively for the daily timeframe (1D). The Sharpe Ratio is mathematically defined on daily returns annualized over 365 days, so applying it to intraday or weekly charts will produce statistically meaningless values. The indicator displays an on-chart warning whenever a non-daily timeframe is selected — switch back to 1D for accurate readings.

Is this tool beginner-friendly?+

The output is easy to read at a glance — green is undervalued and historically reverts higher, red is overvalued and historically reverts lower, blue is critically undervalued, and the regime line in the statistics panel summarises the whole watchlist into a single sentence. Beginners can use it as a watchlist colour map immediately. Getting the most value from threshold tuning, risk-free-rate calibration, and Sharpe trend interpretation is suited to intermediate and advanced traders.

How should I use this tool?+

Set the chart to the daily timeframe, populate the Symbol List with up to 40 tickers you actively track, and let the screener build. Read the 180-day Sharpe column first — that is the structural read. Use the trend arrow to see whether each symbol's risk-adjusted performance is improving or deteriorating. Cross-reference with the 30-day and 90-day Sharpe to see whether short-term performance is confirming or diverging from the longer-term regime. Use the Market Statistics panel to confirm the overall regime before committing capital, and use threshold-cross alerts to monitor symbols when you're away from the chart.

Can I use this tool as a standalone trading system?+

No. Sharpe Ratio Gauge is a risk-adjusted screener and regime filter, not a complete trading system. It tells the trader which symbols are paying for the risk being taken and which are not, but it does not generate buy or sell signals on its own. It should always be combined with directional bias, market structure analysis, entry timing tools, and disciplined position sizing and risk management.

What strategies can I apply with this tool?+

It fits mean-reversion strategies on overvalued and critically undervalued symbols, momentum confirmation via Sharpe trend, sector and asset-class rotation, portfolio rebalancing, capital allocation decisions between competing setups, volatility-adjusted position sizing, and quant-leaning discretionary workflows where Sharpe rank is one input among several.

Which other tools should I combine with it?+

Pair it with a directional trend filter (such as a coloured moving average or higher-timeframe bias tool), market structure or volume-profile tools that show where price is likely to react (such as the Heat Map & Volume Scanner), momentum oscillators like RSI or MACD for entry timing, and a volatility tool like ATR for stop sizing. Sharpe Ratio Gauge provides the what to trade — the ranking and the regime — while these complementary tools provide the where and the when.

Does this tool guarantee profits?+

No. No trading tool can guarantee profits. Sharpe Ratio Gauge is a decision-support indicator; outcomes depend on the trader's strategy, risk management, market conditions, and discipline. Historical risk-adjusted performance is not a guarantee of future results.