PFCF Price Band

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PFCF Price Band shows price calculated using the previous period's high and low P/TTM FCFPS (TTM's price to free cash flow per share over the last 12 months) multiplied by TTM's current FCFPS ( Similar to price theory = P/E x expected earnings per share)
If the current P/FCFPS is lower than the minimum P/FCFPS, it is considered cheap. In other words, above the maximum P/FCFPS is considered expensive.

PFCF Price Band consists of 2 parts.
- Firstly, the historical P/FCFPS value in "Green" (if TTM FCFPS is positive) or "Red" (if TTM FCFPS is negative) status changes based on the latest high or low price of TTM FCFPS.

- Second, the blue line is the closing price divided by TTM FCFPS, which shows the current P/FCF.

P.S. It is recommended to use it together with the PE Band indicator because just net profit does not mean that a company has good cash flow.

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Phát hành các Ghi chú

To fix the error on 5000 bars in Day timeframe
- Added attribute "calc_bars_count = 5000" in indicator.