Pair Spread Indicator

Pair Spread Indicator

The indicator shows the difference in price between the two instruments.:

  • Graph in the form of a histogram of the difference in price between the two instruments in a separate window. Ideal for related tools for example:  BRN -- WTI,  GOLD -- 50* Silver, DJ -- 14*S&P500, etc;
  • Calculation method: closing price (open, high, low) N-bars back;
  • Moving average on the histogram;
  • Averaging options for the moving average: simple, exponential, smoothed, etc;
  • The negative coefficient of one of the tools will change the chart by the sum of prices: tool_1 + tool_2;
  • Indication of specified levels on the spread chart. 

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The indicator is built on a non-standard Zig Zag, it draws accumulations after which if the price leaves this zone and a test of this zone occurs, then a sound signal is given and an arrow appears - after the test candle closes.The indicator does not redraw its signals, it is very easy to use, there are only three settings 1- this is the zig zag parameter 2- this is the minimum price exit from the zone 3- this is the maximum price exit from the zone. The lower the parameter for Zig Zag, the more
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