formula this indicator
input symbol1 = currency 1
input symbol2 = currency 2
SpX2 = Absolute(Close from currency 1 - Close from currency 2)*100,000
and have zero line
now Plot "SpX2" to chart same macd and RSI same this picture
anyone can coding mt4 indicators?
In MT5 you can have the 'spread' as a custom symbol without coding and then put any indicator on its chart.
thanks you but it formular Close from currency 1 to close from currency 2
But nothing. The formula is irrelevant to kypa's post.
Fill in "currency 1 - currency 2" as synthetic formula for the instrument. Plotting a line chart of it will provide what you want. The full candlestick chart will be even more informative for your idea.
And then there is object chart - add one of those with your custom symbol on the main chart so you can visually compare the quotes.
You don't have to code anything for this.