The script provides a way to compute ratio between two indexes (or stocks) of your choice, and paints a "up-arrow" below the first candle where and when the value of the ratio exceeds your threshold of choice.
It also creates a table summarizing the value of your securities, and the value of the ratio below.
The script will also alert you with a message (automatically) when the ratio of your security_1 and security_2 exceeds the ratio.

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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