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Hello everyone!
This incredible indicator for MT4 plataform calculates the ratio betwwen two symbols AND shows the bollinger bands for this ratio. It also considers if the two symbols have a positive or negative correlation for the calculations.
The result is a powerfull tool that brings very precious information to who that wants to trade in Forex based on correlation.
Enjoy!
Hello everyone!
This incredible indicator for MT4 plataform calculates the ratio between two symbols, convert it into a percentual value and shows the result into a oscilation tunnel. It is derivated from the our other indicator (Ratio Bands). The basic diference is that instead of a bollinger bands, it uses a percentual oscillation that helps a lot during correlation trades.
It also considers if the two symbols have a positive or negative correlation for the calculations.
Good trades! Enjo