This Indicator will show you a horizontal line of the stock valuation with the DDM method.
The DDM method is so much simple which has a formula:
Price = EPS * DividendPayout / %Yield
In this case,
-I set the default for Dividend Payout = 40.
This number I refer to from my Research that a lot of stock with have some potential of growth usually has payout...
![ILM: Dividend Valuation [DDM] display liked Support/Resistance Zone](https://s3.tradingview.com/l/ldelexrM_mid.png "Dividend Valuation [DDM] display liked Support/Resistance Zone")
