Referencing study of a second security

[Mediterraneo]

I am trying to create an indicator which relates money flow of the displayed security to money flow of a reference security, for instance comparing AAPL to SPY etc. Would appreciate guidance on how to do that. Thanks

 

[JamesB]

I am trying to create an indicator which relates money flow of the displayed security to money flow of a reference security, for instance comparing AAPL to SPY etc. Would appreciate guidance on how to do that. Thanks

Are you referring the money flow as in the indicator entitled by that name? Thus, is there a certain indicator that you would like to chart for a different security, like the indicator money flow of AAPL on a SPY chart?

 

[Joshua]

It would be something like this, but you may need to be more specific regarding how you want to handle the comparison.

declare lower;
input Sym1 = "AAPL";
input Sym2 = "SPY";
input Length = 12;
Script MF {
    input Sym = "";
    input Lng = 12;
    plot MF = MoneyFlow(
        high = High(Sym),
        close = Close(Sym),
        low = Low(Sym),
        volume = Volume(Sym),
        length = Lng
    );
}
def x = MF(Sym1,Length);
def y = MF(Sym2,Length);
plot z = x - y;

 

[Mediterraneo]

Super. Thanks Joshua and James. Yes, I am referring to Chaikin Moneyflow and I intend to plot the difference or ratio between the two, This code will work great Thanks

 

[Mediterraneo]

I tried to insert getsymbol() to have this change with each chart but having difficulty...any idea how to do that? Thanks

 

[Joshua]

This would be a quick fix

declare lower;
input Sym2 = "SPY";
input Length = 12;
Script MF {
    input Sym = "";
    input Lng = 12;
    plot MF = MoneyFlow(
        high = High(Sym),
        close = Close(Sym),
        low = Low(Sym),
        volume = Volume(Sym),
        length = Lng
    );
}
def x = MoneyFlow(high,close,low,volume,Length);
def y = MF(Sym2,Length);
plot z = x - y;

 

[Mediterraneo]

Thanks Joshua..for some reason that isnt working...i just get a blank screen in that indicators box...

 

[Joshua]

I'm not sure what might be causing that, it seems to work on my end.

 

[Mediterraneo]

Thanks Joshua. I'll try playing with some settings. Ive deleted and reinstalled etc. On to trying some of the other settings

 

[Mediterraneo]

Got it..works great thanks