Does anyone knows about any indicator which defines the gridlines ?

<p id="isPasted">I hope this could help you out</p><p><a href="https://in.tradingview.com/script/R6YOvwWX-Revenue-Grid/" target="_blank" rel="noopener noreferrer">Revenue Grid</a></p><p id="isPasted">Description:</p><p>The Revenue Grid indicator helps traders and investors visualize a stock’s valuation by plotting horizontal lines based on its price-to-sales (P/S) ratio. This tool displays how the stock price compares to multiples of its total revenue per share, giving a clear perspective on valuation benchmarks.</p><p><br></p><p>Fundamental Concept:</p><p>The price-to-sales ratio compares a company’s stock price to its revenue per share. It’s used to evaluate whether a stock is overvalued or undervalued based on its revenue.</p><p>This indicator offers a unique way to view this ratio by applying Fibonacci multiples to the revenue per share. It plots lines at these multiples to show how the stock price measures up against different valuation levels.</p><p><br></p><p>How It Works:</p><p><br></p><p>Data Inputs:</p><p>Total Revenue (TR): The company’s revenue over the past twelve months.</p><p>Total Shares Outstanding (TSO): The total number of shares in circulation.</p><p>Calculation:</p><p>Calculates the revenue per share (TR/TSO).</p><p>Plots lines at fixed Fibonacci multiples (e.g., 1x, 2x, 3x, 5x, 8x, 13x) of the revenue per share value.</p><p>How to Use:</p><p>1. Add the "Revenue Grid" indicator to your chart by searching for it in the indicator library and applying it.</p><p>2. Observe the lines plotted on the chart. If these lines are trending upwards, it indicates that the revenue is increasing.</p><p>3. Analyze how historical prices trend relative to these lines. Look for periods where the stock price supports around specific multiples, you can easily get a sense of overvaluation or undervaluation in certain periods.</p><p>Use this information to guide further analysis and investment decisions.</p><p>Benefits:</p><p>1. Clear Valuation View: Easily see how the company’s revenue translates into stock price levels.</p><p>2. Investment Insight: Identify if the stock price is lagging behind revenue growth, which might signal a buying opportunity.</p><p>3. Historical Context: Understand how the market has historically valued the company and assess the current valuation.</p>