StockFetcher Forums · General Discussion · Compare price to price of another stock, e.g. SPY<< >>Post Follow-up
perdi420
5 posts
msg #158909
Ignore perdi420
3/30/2022 6:01:45 PM

I would like to construct a rather simple indicator, but I am unable to find examples of how to do this.

Indicator = closing price of stock/closing price of SPY. How does one do this? For example, if stock price is 100 and SPY today is 400, the indicator should be 0.25.

I saw examples of "compare to SPY", but that not seem to do this. If I plot SPY itself for example, then this indicator should in theory be 1. But "Compare to" gives a curve, which is incorrect.

xarlor
499 posts
msg #158911
Ignore xarlor
3/31/2022 11:26:11 AM

Fetcher[
set{SPY_close,ind(SPY,close)}
set{my_indicator,close / SPY_close}

add column SPY_close
add column my_indicator
]



perdi420
5 posts
msg #158912
Ignore perdi420
4/1/2022 1:06:33 AM

Thank you. That is what I was looking for. Much appreciated.

StockFetcher Forums · General Discussion · Compare price to price of another stock, e.g. SPY<< >>Post Follow-up

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