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
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
@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