SMOOTH DEVIATION line indicator for 2 symbols

It compares the power/strength lines of two user input symbols and create a SMOOTHED line that indicates the degree of deviation of the 2
symbols

Strategy#1- FOLLOW THE INDICATOR THICK LINE when CROSSING O LEVEL DOWN — TRADE ON INDICATOR THICK LINE (TREND FRIENDLY) !!

Strategy#2- TRADE INDICATOR PEAKS (Follow indicator Reversal PEAKS Levels)!!

you input – the index of calculation ( 10/20/30….) 

               – the indicator Drawing start point (indicator history drawn in bars)

               – the two symbols to compare ( 
carefully input your Symbols as format could differ between different brokers)

– list of symbols used to generate  a proposed two deviated currencies pair to use in hedging as your 2 input symbols for better
hedging results

Works on any TIMEFRAME

:::: carefully input your Symbols as format could differ between different brokers

proposed 2 currencies pair labels appear on main chart window to use it in your input set

FOLLOW THE INDICATOR THICK LINE — TRADE ON INDICATOR THICK LINE !!

if INDICATOR line goes down (RED THICK LINE : WITH THE TREND && Line crosses level 0 )  indicates Symbol2 is taking power
over symbol1 ==> SELL SYMBOL1 + BUY SYMBOL2

if INDICATOR line goes up (GREEN thin LINE : Against THE TREND )   ==> 
CLOSE SELL SYMBOL1 and CLOSE  BUY SYMBOL2

if INDICATOR line goes up (GREEN THICK  
WITH THE TREND && Line crosses level 0 
)  indicates Symbol1 is taking power over symbol2==> BUY SYMBOL1 + SELL SYMBOL2

if INDICATOR line goes down (RED thin LINE : Against THE TREND )   ==> 
CLOSE BUY SYMBOL1 and CLOSE  SELL SYMBOL2

::::I don’t recommend working on thin line (Against the TREND)

OR TRADE INDICATOR PEAKS :

– Find peak Levels on indicator waves and trade on reversal Symbols1 vs Symbol2 (example shown in screeshots attached)

Strategy #3: Daily trade on thick lines :

A– Red (green) thick line appears after green (red) thin line : Alert enabled to Sell (buy) Symbol1 and Buy  (sell)Symbol2

B – during the day another Red (green) thick line appears after green (red) thin line : Alert enabled to Sell (buy) Symbol1
and Buy (sell) Symbol2 -Add same lot new positions

C-At the end of the day : Check if total positions are profited ( you can set your profit relative to your margin used ) : Close your
positions for today

D-At the end of the day : Check if total positions are not profited ( you can set your profit relative to your margin used ) :

     repeat Step A-D fro next day 

F– If thick lines reverse to Green (red) : you start adding 2 new positions in different directions (Buy (sell) Symbol1 and Sell
(buy) Symbol2) and close two positions from old trend

and repeat A-F 

ALERTS for crossing level 0 or peak reversal are provided

TRY THE DEMO BEFORE ANY PURSHASE !!