OPEN-SOURCE SCRIPT
Normalized Performance Comparison

This script visualizes the relative performance of a primary asset against a benchmark composed of three reference assets. Here's how it works:
This script helps users quickly assess how well the primary asset is performing compared to a set of reference assets.
- User Inputs:
- Users specify ticker symbols for three reference assets (default: Platinum, Palladium, Rhodium). - Data Retrieval:
- Fetches closing prices for the primary asset (the one the script is applied to) and the three reference assets. - Normalization:
- Each asset's price is normalized by dividing its current price by its initial price at the start of the chart. This allows for performance comparison on a common scale. - Benchmark Creation:
- The normalized prices of the three reference assets are combined to create a composite benchmark. - Ratio Calculation:
- Computes the ratio of the normalized primary asset price to the combined normalized benchmark price, highlighting relative performance. - Plotting:
- Plots this ratio as a blue line on the chart, showing the primary asset's performance relative to the benchmark over time.
This script helps users quickly assess how well the primary asset is performing compared to a set of reference assets.
開源腳本
本著TradingView的真正精神,此腳本的創建者將其開源,以便交易者可以查看和驗證其功能。向作者致敬!雖然您可以免費使用它,但請記住,重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
開源腳本
本著TradingView的真正精神,此腳本的創建者將其開源,以便交易者可以查看和驗證其功能。向作者致敬!雖然您可以免費使用它,但請記住,重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。