Indicator 3D is designed for determining the distance of relative divergence of two instruments. It is applied in the trading method based on the correlation dependence of currency pairs.
Symbol1 - the first symbol. Symbol2 - the second symbol. OscMode - select the oscillator for the analysis (Sth, RSI, CCI, WPR, DeMarker). OscPeriod - oscillator period.
Calculation panel has been developed to aid in Forex trading using a method based on correlation dependence of currency pairs.
The panel implements:
Due to the fact that the working instruments of the "basket" have an equal volatility and pip values, the panel provides automatic calculation of the second instrument's lot size. To analyze the relative divergence of two currency pairs, the information based on the RSI indicator values (in percentages) are shown on the panel. Informatio
Multitool might come in handy for traders who use trading strategies based on the correlation of currency pairs. With such trading method, it is important to determine which of the instruments should be sold and bought at the moment. This is where the indicator comes into play. It can clearly place the quotes of two currency instruments in one window and the nature of their movement can be used to determine the instrument for buying and selling.
Symbol1 - the first sym