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DC Currencies

The indicator shows divergences and convergences between two trading instruments (rather than divergences and convergences between the price and the indicator).

Besides, the indicator considers the correlation of trading instruments.


Inputs

  • Trading Currency-1 - first trading instrument
  • Is the currency-1 an inverse correlation? - if trading instrument is of a reverse correlation
  • Trading Currency-2 - second trading instrument
  • Is the currency-2 an inverse correlation? - if trading instrument is of a reverse correlation
  • Drawing with volatility - considering volatility

Calculation of volumes

  • Price mode - price mode for calculation
    • 1 - at opening prices
    • 2 - by volatility
    • 3 - opening prices+volatility
  • Period ATR - indicator period
  • MA - MA settings

The indicator on the chart shows when you can buy and sell two trading instruments at once.

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Version 1.1 - 2018.07.06
Improved signals
Fixed minor errors