OPEN-SOURCE SCRIPT
Japan RT Ratio(TSE: J-Reit & TOPIX Ratio)
English:
This script, RT Ratio shows the ratio between J-REIT(TSE:REIT) and TOPIX(TSE:TOPIX).
J-REIT tends to be higher than TOPIX, over 1.0.
When J-REIT is lower than TOPIX, below 1.0, J-REIT may be over sold.
RT Ratio < 1.0 : J-REIT over sold, a good chance to buy J-REIT.
RT Ratio > 1.4-1.5 : Over bought, J-REIT may be too high.
Notice: RT Ratio is for a long term trading of J-REIT, not for a short term trading.
Japanese:
RT倍率（RTレシオ）は、JリートとTOPIXの値を割った指標です。
RT倍率 < 1.0: Jリートが売られすぎ
RT倍率 > 1.4～1.5: Jリートが買われすぎ
長期投資目線のシグナルとして、Jリートの売買タイミングの大きな流れを掴むのに良いかもしれません。
ファイナンシャルスターさんの記事(『RT倍率（REIT/TOPIX倍率）を開発しました / 1倍割れは投資のチャンス』)を参考にして、Tradingview用のインジケーターを作ってみました。
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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