Simple RSI comparison indicator
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Hi Coders,
This forum is amazing seeing fellow forexers help each other out. I was wondering if a skilled coder can write something simple:
Compare RSI values of 2 currency pairs in real time.
Changable inputs for the script:
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The 2 currency pairs being compared
Time frame used
Alert when a certain value is obtained
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The output number for this value should be based on this formula:
RSI(Pair1) + RSI(Pair2) - 100
For example, the trader inputs:
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EUR/USD
USD/JPY
15M time-frame
RSI VALUES desired: 20 or -20
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So when RSI value for EUR/USD + RSI Value for USD/JPY - 100 reaches 20 or -20, an alert pops up.
I'm testing a theory based on correlation. Any help would be greatly appreciated.
Thanks in advance.
Kasio