The indicator shows correlation between currencies.
You are a genious coder.
Similar to this curve can you please code an manual indicator which can print on the chart as well as create a curve like price, averaged prices, breakeven point, stop loss, all input by a user.
The idea is to get a table for breakeven points either printed on the chart or as trend lines in sub-window
(a) position/lots averaging to reduce breakeven and cut loss
(b) position/lots pyramiding to increase gains
I have found the following code which works in real-time.
extern bool ShowMarketPrice = true;
extern color ColorMarketPrice = OrangeRed;
extern bool ShowAvgEntryPrice = true;
extern color ColorAvgBuyEntry = LimeGreen;
extern color ColorAvgSellEntry = Orange;
extern bool ShowStopLoss = true;
extern double RiskFactor = 5; // Risk Factor(in %) for StopLoss calculation
extern color ColorBuyStopLoss = DeepSkyBlue;
extern color ColorSellStopLoss = LightCoral;
extern color SwapColorLong = Lime;
extern color SwapColorShort = Red;
extern bool ShowProfit = true;
extern string FontName = "Arial Black";
extern int FontSize = 10;
extern color ColorProfit = DarkSalmon;
extern bool ShowLineLabels = true;
extern bool ShowSwapInfo = true;
An excellent article on vertical grids in trending markets.
They are a play on dollar cost averaging as they aim to achieve an average entry price over a certain time interval. Thereby the trader has a higher chance of being able to profit from a rising (falling trend) which in the short term may be highly volatile.
This indicator has issues. I am not able to get the backward values for it. I try to gather data for my analysis, but I got zeroes in the buffer output. Even the graph is not completed. Please check the following image: