OPEN-SOURCE SCRIPT
Ratio Between Two Symbols
This indicator calculates and displays the price ratio between two symbols, allowing you to compare relative performance and strength.
The chart shows the current symbol divided by a benchmark symbol (default: S&P 500), with an optional multiplier to scale the ratio for easier visualization. A moving average (default 20-period SMA) smooths the ratio to identify trends in relative performance.
When the ratio is rising, the current symbol is outperforming the benchmark. When falling, it's underperforming. The moving average helps identify the overall trend direction and potential reversals in relative strength.
Features:
- Compare any two symbols in real-time
- Adjustable moving average period
- Customizable ratio multiplier for scaling
- Optional label showing current ratio value
- Adjustable decimal precision
Useful for:
- Relative strength analysis
- Pair trading opportunities
- Sector/stock rotation strategies
- Comparing asset class performance
The chart shows the current symbol divided by a benchmark symbol (default: S&P 500), with an optional multiplier to scale the ratio for easier visualization. A moving average (default 20-period SMA) smooths the ratio to identify trends in relative performance.
When the ratio is rising, the current symbol is outperforming the benchmark. When falling, it's underperforming. The moving average helps identify the overall trend direction and potential reversals in relative strength.
Features:
- Compare any two symbols in real-time
- Adjustable moving average period
- Customizable ratio multiplier for scaling
- Optional label showing current ratio value
- Adjustable decimal precision
Useful for:
- Relative strength analysis
- Pair trading opportunities
- Sector/stock rotation strategies
- Comparing asset class performance
开源脚本
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免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
开源脚本
秉承TradingView的精神，该脚本的作者将其开源，以便交易者可以查看和验证其功能。向作者致敬！您可以免费使用该脚本，但请记住，重新发布代码须遵守我们的网站规则。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。