To plot the ratio of two stocks or any other assets, we need to use the close price of the active symbol and divide it by the price of a referenced symbol. There are several functions we can use to reference an external symbol. The most obvious one is: GetSeries. Steps: - Right click on a chart then select "Create new pane" - Click on "Add Indicator" icon (Top-Left corner of the new pane) - Select Operation tab - In the first input box, type: close - In the second input box, click on "Add", select "External Symbol", type a ticker name (next to "Select a Symbol") then click on "OK" - Select the division (/) operator - Click on "OK" to add the "ratio of two stocks" indicator ![]() You can edit the previously created formula by right clicking on the pane then selecting "Edit Formula" Here is the formula: op1 = close / GetSeries('AA', Close); Plot(op1, 'Operation', colorBlack, ChartLine, StyleSymbolNone); You can change the formula title by changing the formula to: symbol1 = "AA"; op1 = close / GetSeries(symbol1, Close); Plot(op1, name()."/".symbol1, colorBlack, ChartLine, StyleSymbolNone); ![]()
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