Description
The Pair Ratio study is applied to composite symbols (e.g., "IBM+GOOG"); it calculates ratio of Close price of the first instrument to that of the second one.
Note that in composite symbols, instruments are ordered alphabetically, and Pair Ratio is calculated for the first two instruments only. E.g., if the composite symbol "C+BAC+AMD" is entered, it will be normalized to "AMD+BAC+C", and the ratio will be calculated for AMD and BAC.
Input Parameters
| Parameter | Description |
|---|---|
reverse
|
Defines whether or not to return the reverse ratio. If this input is set to "Yes", the study will return ratio between the Close price of the second instrument and that of the first one. |
Plots
| Plot | Description |
|---|---|
Ratio
|
The Pair Ratio plot. |
Example*
*For illustrative purposes only. Not a recommendation of a specific security or investment strategy.