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konidtaly88

Spread Chart

konidtaly88  
Chart patterns spread spreadtrading spreads
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chartpatterns spread spreadtrading spreads
This script lets you chart a spread of a maximum of 3 tickers (one of them being the ticker in the main chart).

Y axis is the currency amount of the spread, that is calculated by this formula:

Y = PnL = quantity * price * handleValue

Y is calculated for each ticker specified, and the sum of Ys obtained is plotted.

this way it is possible to view the PnL of the spread directly.

It is necessary to specify the handle value (point value) in the script inputs (not for the main chart ticker).

A table summarizes the spread configuration, containing all inputs.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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