Ilia Dorokhov

RUB/OIL div.

Russian ruble             - Brent divergence indicator.
Predicts change of USD/RUB rate according to UKOIL price change
Works only in 1m timescale.
Typically, predicts movements in 1-10 min advance.
The idea is that there is a significant correlation between RUB and OIL             (appr. 0,95).
But, sometimes a significant delay in USD/RUB             response to UKOIL             change happens.
The index allows to keep track on such delays and predict upcoming USD/RUB             movement.
Trade with care!

How to use it:
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study("RUB/OIL div.")
PC = ((close- open)/close)
PC_oil = security ("ukoil", "1", ((open-close)/close))
ROD = (nz(ROD[1]) + PC_oil - PC)
plot(ROD, color=blue, style=line)
Ilia Dorokhov
2 years ago
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Ilia Dorokhov
2 years ago
Remember, low liquidity = high delay = low response!
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Ilia Dorokhov
2 years ago
Example of trade
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Ilia Dorokhov
2 years ago
SELL
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Ilia Dorokhov
2 years ago
BUY
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Ilia Dorokhov
2 years ago
SELL
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Ilia Dorokhov
2 years ago
BUY
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Ilia Dorokhov Ilia Dorokhov
2 years ago
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