# Futures Market Ratio Indicator for ThinkorSwim

#### BenTen

Staff member
Staff
VIP
This one is very useful for futures traders on 15 min and daily. The way it is set now is /RTY vs /ZN because I trade /RTY and /ES, but it is a ratio indicator, so it can be set to any ratio. Generally speaking, when bonds go up index futures go down. I also use it to see a ration of /ES vs /VX. It can probably be improved with a simple moving average, because as is it is using the high/low of a 20 MA.

### thinkScript Code

Rich (BB code):
``````declare lower;

input secondSym = "/ZN";
def div = if !IsNaN (close("/RTY")) then close("/RTY") else div[1];
def RatioQ = close (secondSym) / div;
plot Ratio = RatioQ;

#def divZ = if !IsNaN (close("/RTY")) then close("/RTY") else divZ[1];
#def RatioZ = close("/ZB") / divZ;
#plot RatioZB = RatioZ;

def RatioQH = high (secondSym) / div[20];
plot RatioH = RatioQH;

def RatioQL = low (secondSym) / div[20];
plot RatioL = RatioQL;

AddVerticalLine(if Ratio crosses above RatioH then 1 else 0, "S", Color.RED);
AddVerticalLine(if Ratio crosses below RatioL then 1 else 0, "B", Color.GREEN);

#(low(secondSym))

#plot ave = data;
#ave.SetLineWeight(2);

Ratio.DefineColor("Up", Color.Green);
Ratio.DefineColor("Down", Color.Red);
Ratio.DefineColor("Equal", Color.Yellow);
Ratio.AssignValueColor
(
if Ratio > Ratio[1]
then Ratio.color("Up")
else if Ratio < Ratio[1]
then Ratio.color("Down")
else Ratio.color("Equal")
);``````

https://tos.mx/ii14H5
A slightly different version of the above ratio:

Thanks @john3 for sending in the code.

Last edited:
I just used the shareable links and they all imported to my ToS platform and are showing accurately.

Working fine for me. Thanks @BenTen

87k+ Posts
418 Online

## The Market Trading Game Changer

Join 2,500+ subscribers inside the useThinkScript VIP Membership Club
• Exclusive indicators
• Proven strategies & setups
• Private Discord community
• Exclusive members-only content
• 1 full year of unlimited support

What is useThinkScript?

useThinkScript is the #1 community of stock market investors using indicators and other tools to power their trading strategies. Traders of all skill levels use our forums to learn about scripting and indicators, help each other, and discover new ways to gain an edge in the markets.

How do I get started?

We get it. Our forum can be intimidating, if not overwhelming. With thousands of topics, tens of thousands of posts, our community has created an incredibly deep knowledge base for stock traders. No one can ever exhaust every resource provided on our site.

If you are new, or just looking for guidance, here are some helpful links to get you started.

What are the benefits of VIP Membership?