FX_IDC:AUDNZD   AUSTRALIAN DOLLAR / NEW ZEALAND DOLLAR
250 6 15
I figured I'd post this.
It's an indicator that plots the spread between two selectable instruments and also each individual instrument's line chart, with a colored fill to make it more clear visually when trading ratios.
In cointegrated pairs like audcad             , you can trade the range extremes, and buy the laggard/sell the leader when overbought/sold conditions are met + distance from the 66/253 EMAs, as outlined in my AUDCAD             post. (see related ideas)
Hope you find it useful!
Cheers,
Ivan.
If you're interested in joining my trading newsletter or private lessons, message me. I trade Forex, Equities and Commodities. Contact: skype @ ivanlabrie, PM here or QQ (2954487803).
KVE PRO
a year ago
Interesting, I'm playing with it out at the moment!
I couldn't find your RgMov indicator in the scripts list, is it freely available?
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IvanLabrie PRO KVE
a year ago
No, it's Tim West's proprietary indicator.
You'd need to subscribe to his 'Key Hidden Levels' indicator pack (it's really useful if you learn how to use it).
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KVE PRO IvanLabrie
a year ago
Thanks for the reply, will consider after playing around with the free stuff first ;-) !
+1 Reply
IvanLabrie PRO KVE
a year ago
For sure, check out the chatroom to learn about it.
I use it to filter price action. If you learn neowave from Glenn Neely's book 'Mastering Elliott Wave' book you can apply the concepts and rules there to rgmov.
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KVE PRO IvanLabrie
a year ago
Yet another book for my Amazon wishlist, hope Christmas comes soon...
Cheers!
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Deleted
a year ago
?What did that indicator really do here...
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