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LineSyncMirrorChart

The indicator of correlation and divergence of currency pairs - all pairs on a single price chart. It displays all pairs opened in the terminal.


Advantages

The traders who use multi-currency trading strategies can observe the price movement of the selected pairs on one price chart in order to compare the parameters of their movement.

It is a quite efficient assistant for multi-currency trading - "pair trading" and "packet trading", it allows to determine the emerging movement in advance.

The method consists of two strategies. The first one is designed for detecting divergences between the currency pairs after the release of important news or at the opening of trading floors. The logic of such operation is extremely simple and is based on the assumption that after a "storm" in the market subsides, the delta between price of the instruments will converge again. It is recommended to pay attention to strong support and resistance levels in order to avoid buying directly under string resistance and selling at the very bottom.

Detection of false breakouts of support/resistance levels.


Features

  • Inverse any pair on the chart
  • Detect regularities on history as virtual buys or sells of multiple pairs
  • Calculate the distance in points the price had passed in a specified interval
  • Visually determine the strength of the currency movement
  • Select a different color to display each currency pair
  • Display styles: Bars, Candles, Lines
  • Synchronize the timeframes and scrolling of all charts
  • The ability to trade any pair on one main chart

It is convenient to use it in combination with the "CorrelatePairs" indicator


Attention

Attach the indicator to one chart!

Does not work in the tester!

For details, see the video

The EA used in the video is provided in the discussion (attach to one chart!)


Settings

_______Settings1_______ = " = = = = = = General settings

  • Instrument = all - selection of the market type: Forex, CFD, Futures, Indices
  • Amount of buttons in the column = 6 - The number of buttons in a column
  • Lot calculation = 0.01 - the lot for calculations
  • Amount Bar History = 60 - the number of history bars during the first run and switching the timeframe
  • Lines are always visible = true - lines are always within sight on the chart when scrolling
  • Show main chart = false - display the main chart. Yes - the indicator is on the main chart. No - the indicator with a separate scale from 0.0 to 1.0
  • Show Price on line = true - display prices on the line

_______Settings2_______ = " = = = = = = Vertical line settings

  • Color Line Start = MediumVioletRed - calculation start line color
  • Color Line Finish = Maroon - calculation end line color
  • Color Line Start Change in Buy = DodgerBlue - line color if buy is selected
  • Color Line Start Change in Sell = Tomato - line color if sell is selected
  • Style Line = 0 - line style
  • Width Line = 1 - line width
  • Selected Line = true - select lines for dragging (yes/no). No - select manually on the chart

_______Settings3_______ = " = = = = = = Horizontal line settings

  • Color Line Open = MediumVioletRed - calculation start line color
  • Color Line Close = Maroon - calculation end line color
  • Style Line = 0 - line style
  • Width Line = 1 - line width

_______Settings4_______ = " = = = = = = Trend line color

  • Style Line = 2 - line style
  • Width Line = 1 - line width

_______Settings5_______ = " = = = = = = Text settings

  • Color Plus = LimeGreen - color of a positive value
  • Color Minus = DeepPink - color of a negative value
  • Color Null = Gray - color of a zero value
  • Font size = 10 - font size
  • Font = "Verdana"

_______Settings6_______ = " = = = = = = Settings for Candles | Bars | Lines

  • Random color = true - random or fixed color
  • Candle Up = SkyBlue - color
  • Candle Down = OrangeRed - color
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Version 16.7 - 2017.03.08
Added Heiken Ashi display type
Improved charts synchronization