Default a symbol from watchlist

[Rattler]

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

 

[halcyonguy]

are you looking for something like this ?

input sym1= "SPY";
def s = close(sym1)
def ratio = round(close/s,1);
addlabel(1, GetSymbol() + "/" sym1 + "= " + ratio, color.yellow);

 

[Rattler]

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

 

[MerryDay]

@Rattler Unsure of how to upload screenshots to the forum, Here are directions.

 

[Rattler]

@halcyonguy - thank you for that code snipit!! I was able to take it as a starting point and build what I was looking for! Thank you