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Miha Kralj
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# THEIL: Theil's T Index
| Property | Value |
| ---------------- | -------------------------------- |
| **Category** | Statistic |
| **Inputs** | Source (close) |
| **Parameters** | `period` |
| **Outputs** | Single series (Theil) |
| **Output range** | Varies (see docs) |
| **Warmup** | `period` bars |
### TL;DR
- The Theil T Index is an information-theoretic measure of inequality (or concentration) within a distribution of positive values.
- Parameterized by `period`.
- Output range: Varies (see docs).
- Requires `period` bars of warmup before first valid output (IsHot = true).
- Validated against TA-Lib, Skender, and Tulip reference implementations where available.
> "The only useful measure of inequality is one that tells you how much redistribution would make everyone equally well off." — Henri Theil
## Introduction