Japan RT Ratio(TSE: J-Reit & TOPIX Ratio)

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.


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

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。

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 a publication is governed by House Rules. You can favorite it to use it on a chart.