Adil Deger v3.5.2

What's New
Multi-method fair value indicator that estimates intrinsic stock price using 10 valuation methods simultaneously, with sector-aware weighting and full BIST + US market support.
Key Features
10 Valuation Methods

Net Earnings P/E (historical average)
ROE-Based
EV/EBIT, EV/EBITDA, EV/Revenue
Forward P/E (uses real analyst consensus when available, falls back to naive annualization)
Forward P/S
P/FCF (Free Cash Flow)
Graham Number
DCF (5-year projection with terminal value, configurable WACC)

Smart Aggregation

Sector Weighted (default) — assigns method weights based on industry (banks favor P/B + ROE, tech favors revenue multiples, utilities favor DCF, etc.)
Median, Trim Mean, Mean alternatives
Confidence indicator (CV across methods) — flags when valuations diverge

Auto Market Detection

Detects BIST vs US automatically from symbol
Picks correct bond benchmark (TR10Y / US10Y) dynamically
Tracks regional inflation (TR / US CPI) with high-inflation warning
Currency-aware

Visual Tools

Bilingual UI (Turkish / English)
Compact info panel: market, rate, inflation, currency, sector, method, forward EPS source, confidence
Discount/Premium bands (configurable threshold) with shaded zones
8-quarter financials table (Net Earnings, Revenue, EBIT, EBITDA, FCF, ROE)

Alerts

Discount opportunity (price crosses below fair value − threshold)
Premium warning (price crosses above fair value + threshold)
Low confidence (method divergence)
New earnings released

Technical

Pine Script v6
Rate floor + cap protection (handles both high-rate emerging markets and low-rate ZIRP environments)
Cash-adjusted Net Debt for accurate EV calculation
Historical rolling average for "normal" multiples (default 252 bars = 1 year)
Robust to missing financial fields (BIST stocks with limited data still work)

Settings Highlights

Language: TR / EN
Market: Auto / BIST / US / Manual
Aggregation Method: Sector Weighted / Median / Trim Mean / Mean
Historical Average Period: configurable (default 252 bars)
DCF: forecast years, equity risk premium, terminal growth, growth cap
Alerts: discount/premium thresholds, low confidence threshold

Note di rilascio

FIX 1 · sumFirst / avgFirst — na-safe
EN: Skips na quarters instead of propagating na. One missing quarter no longer kills the whole method.
TR: Na olan çeyrekler atlanıyor. Tek eksik veri artık tüm metodu null'a düşürmüyor.
FIX 2 · "Average" mode fallback chain (all 8 normalizers)
EN: Average → Rate → Manual. No more silent na when historical data is insufficient.
TR: Tarihsel veri yoksa Rate'e, o da yoksa Manuel değere düşüyor. Sessiz na üretimi bitti.
FIX 3 · ROE fair price formula
EN: Was producing a price delta, not a fair price. Fixed to PE × ROE × BVPS.
TR: Adil fiyat değil fiyat farkı üretiyordu. PE × ROE × BVPS olarak düzeltildi.

Note di rilascio

# Adil Değer v3.7.1 — Today's Changes

## 🎯 Major Features

### Auto-Sector Detection
- Automatic sector identification using `syminfo.sector` and `syminfo.industry`
- 8 sector presets with appropriate median multiples (P/E, EV/Rev, EV/EBITDA, P/FCF):
- Tech, Financial, Healthcare, Energy, Utilities, Industrial, Consumer, Other
- Manual override available for custom sector medians

### Pure Forward Auto-Trigger 🚀
- Automatically activates Pure Forward Mode for hyper-growth tech stocks
- Trigger condition: Tech sector + earnings growth ≥ 25% (e.g., NVDA, AMD)
- Visual indicator (🚀 icon) in info panel when auto-triggered

### Outlier Removal in Confidence Score
- Coefficient of Variation now uses trimmed mean
- Removes highest + lowest values before calculating CV
- More robust confidence scores for volatile/hyper-growth stocks

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## 🐛 Critical Bug Fixes

### Duplicate Quarter Bug
- Fixed duplicate quarterly values caused by `gaps_off` data persistence
- Added composite guard: both quarter key AND value must change before pushing to buffer

### Multiples Showing Empty (P/E, EV/Rev, etc.)
- Root cause: `barmerge.gaps_on` returned `na` on non-quarter-end days
- Switched all 13 `request.financial` calls to `gaps_off`
- Added persistence variables for shares, BVPS, total debt, cash equivalents

### Format String Bug (`-+20%`)
- Replaced Pine Script `"+#.#"` format with custom `f_pctSign()` helper
- Clean negative number display

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## 📊 Table Restructure

### Single Unified Table (16×8)
- Merged previous 2 tables into 1 horizontal layout
- New column order: `[Label | TTM | NTM | Growth% | 8 Quarters | Multiples Section]`
- Multiples placed side-by-side with metrics for visual alignment
- Removed Mod footer row (info already in info panel)
- Force refresh on each `barstate.islast` to prevent ghost cells

### Growth% Column Repositioning
- Moved next to NTM column for natural reading flow
- Calculation changed from YoY to TTM→NTM ratio (more intuitive)
- Color thresholds relaxed: ≥5% green, ±5% yellow, <-5% red

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## 🎨 Visual Cleanup (Default Settings)

| Setting | Old Default | New Default | Reason |
|---------|-------------|-------------|--------|
| Label Size | Normal | **Small** | Less visual clutter |
| DCF Forecast Years | 5 | **3** | More conservative projections |
| Discount/Premium Bands | On | **Off** | Cleaner chart |
| Fill Areas | On | **Off** | Removed colored zones |
| Auto-Detect Sector | - | **On** (new) | Smart defaults |
| Auto Pure Forward | - | **On** (new) | Smart defaults |

### Alert System Decoupled from Visuals
- Discount/Premium alerts continue working even when bands are hidden
- New separate calc variables (`discountLevelCalc`, `premiumLevelCalc`)

---

## 📈 Stats

- **Lines of code:** ~1834 → 1610 (282 lines removed)
- **Inputs:** 94 → 63 (31 fewer settings to configure)
- **Total verifications passed:** 15/15
- **Out-of-the-box experience:** Cleaner chart, smarter defaults, sector-aware analysis

Note di rilascio

Label color is now dynamic — green when undervalued, red when overvalued, yellow when fair, instead of a static color regardless of valuation.

Script open-source

Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.

zeynelgun

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Script open-source

zeynelgun

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