Valuation percentile

The valuation condition reads the percentile output of the Valuation indicator and fires when it crosses a configured threshold.

Shape

{ "type": "valuation", "threshold_pct": 80 }

Params

• threshold percent - percentile threshold (0-100). The condition is true when valuation exceeds this percentile.

Usage

• Fade extremes: require valuation > 90 to short - the symbol has stretched into a historically expensive percentile.
• Buy dips: invert by combining with comparison against a lower percentile.

Pitfalls

Requires the Valuation indicator to be declared. Percentile is over the lookback window, not all-time.