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Daveatt
29 มิถุนา 2019 เวลา 7 นาฬิกา 53 นาที

Dividing 2 symbols 

BITFINEX:BTCUST30
Bitcoin / USTBitfinex

คำอธิบาย

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Hello Traders

This indicator is used to divide two assets between them. Why you would ask ?
For instance, in crypto trading, traders often look at the ratio Longs/Shorts or Shorts/Longs to figure out which side is leading the market and use this information as a powerful hedge for their next trade

Enjoy
Dave
OscillatorsbitfinexbitfinexlongsBitcoin (Cryptocurrency)BTCUSDBTCCryptocurrencycryptobitfinexshorts
ความคิดเห็น
Tyno
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Thanks a lot. I was looking for such a script.
MarkBench
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Thanks mate, exactly what I was looking for.
Daveatt
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@MarkBench, Glad it's helping you out :)
dle7319
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Hello Daveatt,
How can I add RSI indicator to this dividing 2 symbols combination? The reason is that I would like to see the relative strengh indication of these 2 symbols combination.
Thanks a lot.

dle7319
Daveatt
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@dle7319, not sure if it will work with the option "Add indicator on ..."
This will require some pinescripting like this

//@version=4 study(title="Dividing 2 RSI", shorttitle="Dividing 2 RSI", overlay=false) i_a = input(defval=14, type=input.integer, title="RSI 1") i_b = input(defval=7, type=input.integer, title="RSI 2") symbol1 = input("MSFT", type=input.symbol title="Symbol 1") symbol2 = input("APPL", type=input.symbol title="Symbol 2") a = rsi(close, i_a) b = rsi(close, i_b) as = security(symbol1, timeframe.period, a) bs = security(symbol2, timeframe.period, b) plot(as / bs, title="DIV", color=blue)
dle7319
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@Daveatt, thnks a lot, Daveatt. I really appriciated it.
IhorZenich
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This is a good indicator to understand when it is worth selling one coin to buy another.
TremendousF
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do you know how to make it negative if the shorts are grater than the longs? Something like this?

```
ratio= if (BTCUSDLONGS >= BTCUSDSHORTS) then (BTCUSDLONGS / BTCUSDSHORTS) else -(BTCUSDSHORTS / BTCUSDLONGS
not sure how to apply it to pine script

```
Thanks!
Daveatt
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@TremendousF,

symbol1 = input("BTCUSDLONGS", type=input.symbol title="Symbol 1")
symbol2 = input("BTCUSDSHORTS", type=input.symbol title="Symbol 2")

as = security(symbol1, timeframe.period, close)
bs = security(symbol2, timeframe.period, close)

var float ratio = 0.

if (as >= bs)
ratio := as/bs
else
ratio := -1 * (bs / as)

plot(ratio)
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