Symbols Motions MT5
The arbitration indicator displays the magnitude of the rise and fall in the price of several instruments for a certain period of time in points
This indicator:
- It works with two (screenshot №1) or three (screenshot №2) symbols simultaneously, regardless of the window in which it is located
- Calculates one or several values based on one or several prices individually for each symbol (screenshot №3)
- It can normalize the values for easy visual perception (screenshot №4 and №5)
Options for choosing prices and their quantity on the basis of which the indicator calculates the values of instruments (individually for each symbol):
- Open and Close - based on Open and Close price difference
- Open and High - based on Open and High price difference
- Open and Low - based on Open and Low price difference
- OClose and OHigh
- OClose and OLow
- OHigh and OLow
- OClose and OHigh and OLow
Input parameters:
- To visualize - specify the number of symbols rendered (two symbols (№1 and №2) - first two symbols numbered 1 and 2, three symbols - all three symbols)
- Period - indicator period
- Symbol №1 - write the first symbol
- Price type for symbol №1 - indicate the options and quantity of working prices for the first symbol
- Normalization for symbol №1 - set the normalization value for the first symbol
- Symbol №2 - write the second symbol
- Price type for symbol №2 - indicate the options and quantity of working prices for the second symbol
- Normalization for symbol №2 - set the normalization value for the second symbol
- Symbol №3 - write the third symbol
- Price type for symbol №3 - indicate the options and quantity of working prices for the third symbol
- Normalization for symbol №3 - set the normalization value for the third symbol
How are the indicator values calculated?
- The difference between the Open and Close prices is calculated between the Open price of the first candle of the period and the Close price of the last candle of the period (where the last candle is considered to be the valid unformed candle, and the first, depending on the period, for example, the third candle from right to left)
- The difference between the Open and High prices is calculated between the Open price of the first candle of the period and the highest High price within the specified period
- The difference between the Open and Low prices is calculated between the Open price of the first candle of the period and the lowest Low price within the specified period
What is the normalization of values?
First, look at screenshot №4, these are the GBPUSD and XAUUSD values with normalization equal to 1. The problem is that the GBPUSD amplitude is much smaller than the XAUUSD amplitude in points, and because of this it is very difficult to visually notice any patterns due to their uneven proportionality
And now look at screenshot №5, these are the same GBPUSD and XAUUSD, but the normalization value for GBPUSD is 1 and the value for XAUUSD is 0.1
Conclusion - aligning the proportionality of any symbols with the help of normalization, it becomes much easier to visually notice the patterns between them (if any)
It may take a few seconds for the indicator to load price data of different symbols. If it does not load for a long time - restart it
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