Pair Spread Oscillator

  • Indicators
  • Ioannis Xenos
    Ioannis Xenos

    Ioannis Xenos

    4.5 (30)
    Hi! My name is Ioannis Xenos. As a Professional MQL Developer with over 12 years of experience in the IT industry, I have a strong track record of success in developing and implementing software solutions for financial services companies, including whenfx.com, ditto.trade, FXTRADING.com and two
    13 products
  • Version: 1.0
  • Activations: 5

Welcome to the Pair Spread Oscillator by Xignal Coding!

Ever wondered if you could monitor one asset against another—typically correlated—and spot opportunities?

That’s exactly what you can do with the Pair Spread Oscillator!

The Pair Spread Oscillator calculates the distance between your selected instruments and provides the mean distance and the standard deviation of your choice. This way, you can easily identify when these two instruments are moving in different directions and act before the correction occurs.

Correlation is a powerful way to beat the markets. By buying and selling two instruments that tend to move together, you minimize risk by staying hedged. Correlated instruments often correct their distance fairly quickly, which can result in a clear profit.

Inputs

  • Correlated symbol name: The name of the symbol you want to compare with. The first symbol is the current chart symbol.

  • Rolling window for mean/std: The period (how far back you want the indicator to look in order to calculate the mean and standard deviation).

  • Std deviation multiplier: The multiplier applied to the standard deviation.


Disclaimer: Pair Spread Oscillator is a trading tool designed to assist with market analysis. It does not guarantee profits, and all trading involves risk. Users are responsible for their own investment decisions.


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Best Solution for any Newbie or Expert Trader! This Indicator is a unique, high quality and affordable trading tool because we have incorporated a number of proprietary features and a new formula. With only ONE chart you can read Currency Strength for 28 Forex pairs! Imagine how your trading will improve because you are able to pinpoint the exact trigger point of a new trend or scalping opportunity? User manual:   click here That's the first one, the original! Don't buy a worthless wannabe clone
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