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Simple divergence

The indicator plots a curve of the difference between the values ​​of two trading instruments (currency pairs).

The purpose of the indicator is to observe the processes of divergence and convergence of the values ​​of two trading instruments. The results obtained can be used for trading strategies of statistical arbitrage, pair trading, correlation, and others.

The indicator is attached to the chart of any trading instrument. In the input parameters, the names of trading instruments are specified, the difference of values ​​of which should be displayed by the indicator. The trading instruments of the chart and the instruments specified in the input parameters can be the same, or they can differ. In any case, the calculation will be performed for the instruments specified in the input parameters.

The indicator can be used both independently and in combination with other technical analysis tools.

It is possible to install two indicators on one chart at once with a different set of trading instruments.

The indicator can be used in manual trading and when creating automated trading systems.

Parameters

  • Instrument 1 - name of the first trading instrument (for example GBPUSD, GBPUSD_i, GBPUSD_m, etc);
  • Instrument 2 - name of the second trading instrument (for example EURUSD, EURUSD_i, EURUSD_m, etc).
Please, in the input parameters indicate the exact names of the trading instruments that are on your account, with the correct set of upper and lower case letters.

Reviews 1
Aleksandr Tamonin
4049
Aleksandr Tamonin 2021.01.23 20:37 
 

Отличный индикатор для парной торговли. Спасибо автору!

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Aleksandr Tamonin
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Aleksandr Tamonin 2021.01.23 20:37 
 

Отличный индикатор для парной торговли. Спасибо автору!

Reply to review
Version 1.1 2021.06.28
Improvements have been made to improve the accuracy of data processing.