CME's BRL/USD to B3's USD/BRL Conversion — Indicator by edersonmaiaa

Volatility

This indicator is made to calculate and show the spread between the currency pair USD-BRL being negotiatied in Brasil's B3 and in USA's CME Globex.
The orange line "Arbitrage" is the spread.
The red/green line is the "Stop Loss" recommended for the strategy. If the line is green, it means that the reward/tisk ratio is above 1.

IMPORTANT: MAKE SURE TO BE USING THE SAME TIMEFRAME ON BOTH THE INDICATOR AND THE CHART.

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"Este indicador é feito para calcular e mostrar o spread entre o par USD-BRL em negociação na B3 do Brasil e na CME Globex dos EUA.
A linha laranja "Arbitragem" é a propagação.
A linha vermelha / verde é o "Stop Loss" recomendado para a estratégia. Se a linha estiver verde, significa que a relação recompensa / risco está acima de 1.

IMPORTANTE: CERTIFIQUE-SE DE USAR O MESMO PRAZO NO INDICADOR E NA TABELA."

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.

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