Trading is usually based on analyzing one chart at a time — EURUSD, GBPUSD, XAUUSD, etc. But what if we could combine several symbols into one normalized signal?
That’s exactly what the Summorai indicator does. It creates a multi-symbol moving average line, normalized across up to 5 symbols, and plots it directly on your current chart. This allows you to track the combined momentum of different assets in a single visual line.
🔎 Concept Behind the Indicator
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You choose up to 5 instruments (e.g., EURUSD, GBPUSD, USDJPY, XAUUSD, BTCUSD).
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Each symbol’s price is normalized against its first available value so that they can be compared on the same scale.
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The normalized values are then averaged together into a synthetic price line.
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Finally, a Moving Average (MA) is applied to smooth the synthetic line and plotted on your chart.
This gives you a single indicator line that reflects the “blended” behavior of several assets — useful for basket trading, correlation studies, or strength analysis.
⚙️ Key Features
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Supports up to 5 symbols at once.
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Works with different applied prices (Close, Open, High, Low, Median, Typical, Weighted).
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Adjustable Moving Average period.
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Automatic price normalization, so EURUSD (1.08) and XAUUSD (1900.00) can be combined meaningfully.
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Plotted directly on your chart with scaling to match the current symbol.
📈 Example Use Cases
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Basket Trading → Monitor the average trend of a currency basket.
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Correlation Studies → Spot divergences when one symbol moves against the group.
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Synthetic Index → Build your own “mini-index” (e.g., mix EURUSD, GBPUSD, and AUDUSD to create a “USD strength” line).
✅ Conclusion
The Summorai indicator is a powerful way to condense multiple instruments into one smooth trend line. Instead of flipping between charts, you can watch how a group of assets behaves together, helping with confirmation, hedging strategies, and portfolio-level analysis.
