Indicator based on 2 commodities

Optuma Forums Optuma Scripting Indicator based on 2 commodities

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  • #64179
    Damian
    • Topics: 2
    • Replies: 1
    • Posts: 3

    I want to create an indicator by dividing the price of Copper by the price of Gold (both Vol spot prices).

    How do I go about this?

    Regards,

    Damian

    #64181
    Darren
    • Topics: 66
    • Replies: 617
    • Posts: 683

    There are a couple of ways to create a relative strength ratio chart:

    1. Open a chart of copper and apply the RIC tool, and set the RIC comparison index to gold. This will display the ratio below the copper chart:

    https://help.optuma.com/kb/faq.php?id=502

    2. Alternatively you can create a custom code symbol using HGVolSpot:NYMEX / GCVolSpot:NYMEX. See the video here for more details:

    https://help.optuma.com/kb/faq.php?id=727

    Capture

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