Spread Relative

spread_rel

Function Name: spread_rel

Tags: None

Category: Spread

The Spread Relative indicator computes the difference in the closing prices between two instruments as a percentage. It is calculated as a ratio between Close price of one contract and the Close price of another contract.

 

Link: http://www.investopedia.com/terms/s/spread.asp

 

Bases

Source1

Choose any symbol as the first base. By default, the first symbol that is shown on the chart is used.

Source2

Choose any symbol as the second base. By default, the second symbol that is shown on the chart is used.

If only one symbol is visible on the chart, you can choose a second symbol with Symbol Search by clicking on Other.