Live ratio Between tow symbols
This indicator simply divide the main symbol by another symbol and show the result as a chart (just like RSI) for you and it prints the last ratio number on indicator window.
it helps you to manage hedging or analysis market.
For example: If the gold price is 1200 and silver price is 16 this indicator show 75 as result in indicator window and also draws result history for later prices according to your time frame so you can find what's the best prices to hedge two symbols or... in this example sometimes gold price grows up and silver don't grows as much as gold so you can find this situation by this indicator and hedge them by selling gold and buying silver.
- Second Symbol - the exact name of symbol you want current symbol price divides by that.
- Do you want to active alert - If you set this parameter to true indicator will notify you by alert's sound.
- Alert when value more than - If you set this value by a number indicator will alerts when it's value goes upper than value you set.
- Alert when value less than - If you set this value by a number indicator will alerts when it's value goes under value you set.
For example: if you open gold chart and you want to have gold price divided by silver price the 2nd symbol must set as "SILVER"
Be careful the second symbol parameter is case-sensitive and you must type it exactly like the symbol name in you MT4 symbols