How do you add a calculated instrument to show on a chart as an indicator?
Can the following formula be done as a Calculated instrument?
Change in value of Vix = 1-Vix/Vix[1]
Change in value of SPY = 1- SPY/SPY[1]
Calculated Instrument = Change in SPY/ Change in VIX
Then want to plot this on the SPY/SP500 chart
Hi. In calculated instruments, you can’t reference yesterday’s price. You can get the SPY/VIX ratio, but not what you’re proposing.