OPEN-SOURCE SCRIPT

AT Ratio

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AT Ratio

This indicator plots a ratio chart of 2 symbols, calculated as symbol1/symbol2.
The current chart symbol is used as symbol1.

A ratio chart allows to determine the relative strength of an asset compared to another asset.
It can be used for example to compare two stocks or a stock to its benchmark index, thus showing,

- if a stock has strength on its own (climbing ratio chart)
- if a stock just moves with the index (sideways ratio chart)
- if a stock is weaker than the index (falling ratio chart)

Inputs:

Style:
Plain: Only the ratio chart is plotted
MAs: Additional Moving Averages of the ratio chart are plotted

Perdiod Long: The period for the long MA

Perdiod Short: The period for the long MA

MA Type Long:
Simple: A simple MA is used
Expo: An exponential MA is used

MA Type Short:
Simple: A simple MA is used
Expo: An exponential MA is used

Ratio Symbol: The symbol to be used for symbol2

Factor: A factor the ratio value is multiplied by
Open-source script