FX_IDC:AUDNZD   AUSTRALIAN DOLLAR / NEW ZEALAND DOLLAR
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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.
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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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
Thanks for the reply, will consider after playing around with the free stuff first ;-) !
+1 Reply
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
Yet another book for my Amazon wishlist, hope Christmas comes soon...
Cheers!
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?What did that indicator really do here...
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