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Default a symbol from watchlist

Rattler

New member
Hello Team,

I like the PriceRatio Indicator and I’m wondering if there is a way to reference a symbol from my watchlist as a numerator while keeping the denominator constant as I scroll.

For example: If I have a watchlist with MSFT. APPL and IBM. I want calculate the ratio of each of these in the numerator against SPY in the denominator. Currently I have to manually input the numerator. I’d like to select MSFT and have the ratio update to MSFT/SPY, and when I scroll to IBM have the ratio update to IBM/SPY without having to edit the study each time.

I'm wondering if there is a reference like watchlist(0) I can use in place of the symbol name in Symbol1 input field.

Can this be done?

Regards,
Tad Parker
 
Solution
are you looking for something like this ?

Code:
input sym1= "SPY";
def s = close(sym1)
def ratio = round(close/s,1);
addlabel(1, GetSymbol() + "/" sym1 + "= " + ratio, color.yellow);
are you looking for something like this ?

Code:
input sym1= "SPY";
def s = close(sym1)
def ratio = round(close/s,1);
addlabel(1, GetSymbol() + "/" sym1 + "= " + ratio, color.yellow);
 
Solution
Hello Halcyonguy!

Thank you so much for your response. The indicator is a plotted line (ratio of symbol ()/SPY) with a 26 period SMA. I would paste an image, but that seems illusive to me - LOL

- Tad
 

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