CODEWITHSUNDEEP
pine-scriptinverse
User4536124
User4536124

Reputation: 97

Inverse pair in Pine script

I am aware of the alt+I inverse scale function in Tradingview. How do I apply an inverse function within a Pine script, instead of loading e.g. an inverse pair as done in the MWE below?

//@version=4
study(title="", overlay=false)

timeperiod = "1"

v1 = security("FX_IDC:CADAUD", timeframe.period, close)

lengthFast = input(3,  minval = 0, title = "Fast MA on RSI")
rFast = rsi(v1, lengthFast)
fastMA1  = sma(rFast, lengthFast) 

plot(fastMA, "Fast MA", color=color.red, linewidth=1)

Upvotes: 1

Views: 1263

Answers (1)

rumpypumpydumpy
rumpypumpydumpy

Reputation: 3833

If you actually need to call the symbol itself it can be done like this, however there isn't a way to validate if the symbol is an actual valid symbol or not.

//@version=4
study("Inverse Ticker", overlay = true)

var string ticker = syminfo.prefix + ":" + syminfo.currency + syminfo.basecurrency

inv_close = security(ticker, timeframe.period, close)

plot(inv_close)

Otherwise you can just use 1 / close

eg for AUDCAD where y equals the current close price

1 x AUD = y x CAD

(1 x AUD) / y = (y x CAD) / y

(1 x AUD) / y = 1 x CAD

= 1 / y

For inverted candles :

//@version=4
study("Inverse", overlay = false)

o = 1 / open
h = 1 / high
l = 1 / low
c = 1 / close

plotcandle(open = o, high = h, low = l, close = c, title = "Inverse pair", color = c >= o ? color.green : color.red, wickcolor = color.gray)

Upvotes: 1

Related Questions