Ratio Between Two Symbols

This indicator calculates and displays the price ratio between two symbols, allowing you to compare relative performance and strength.

The chart shows the current symbol divided by a benchmark symbol (default: S&P 500), with an optional multiplier to scale the ratio for easier visualization. A moving average (default 20-period SMA) smooths the ratio to identify trends in relative performance.

When the ratio is rising, the current symbol is outperforming the benchmark. When falling, it's underperforming. The moving average helps identify the overall trend direction and potential reversals in relative strength.

Features:
- Compare any two symbols in real-time
- Adjustable moving average period
- Customizable ratio multiplier for scaling
- Optional label showing current ratio value
- Adjustable decimal precision

Useful for:
- Relative strength analysis
- Pair trading opportunities
- Sector/stock rotation strategies
- Comparing asset class performance