OPEN-SOURCE SCRIPT
Equity-Debt Rebalance Signal v6
For "Selling High": When the red triangle appears, look at your portfolio. If your Equity (e.g., VTI) has grown beyond your target (say 60%), sell the excess and move it to a US Debt fund like BND.
For "Buying Low": When the green triangle appears, it means the US market is "on sale" relative to its 200-day average. Use the cash/debt reserves you built up to buy more Equity.
For "Buying Low": When the green triangle appears, it means the US market is "on sale" relative to its 200-day average. Use the cash/debt reserves you built up to buy more Equity.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.