Pair Spread Indicator with recovery of missed bars.
This indicator will automatically restore missed bars in the history at average prices of neighboring bars.
- A histogram chart shows the price difference between the two instruments in a separate window. Ideal for related instruments, for
example: BRN – WTI, GOLD – 50 * Silver, DJ – 14 * S & P500, etc .; - Calculation method: the difference in closing prices (opening / maximum / minimum) between two current bars and sequentially N-bars back;
- Histogram moving average;
- Averaging parameters for the moving average: simple, exponential, smoothed, etc.
- A negative coefficient of one of the tools will change the chart by the sum of prices: tool_1 + tool_2;
- If one of the instruments has missed bars in the history, the indicator will automatically restore them from the average prices of
neighboring bars; Indication of preset levels on the histogram chart.
Indicator settings
*** Basic settings ***
- name – Tool;
- price weight coefficient – weight coefficient;
- bar price option –
- period – moving average parameter
- shift – shift
- averaging method – Averaging parameters for the moving average
*** Color Settings ***
- 0 – histogram of a positive column, color, width, style;
- 1 – histogram of a negative column, color, width, style;
- 2 – color of the moving average;
- 3 – color of a given level.
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