MetaTrader 5 / Indicators

Spread_Oscillator - indicator for MetaTrader 5

8550
(18)

Spread Oscillator displays the spread of values between the two symbols selected

It has four configurable parameters:

  • First symbol - first symbol name
  • Second symbol - second symbol name
  • Fast MA period - fast MA calculation period
  • Slow MA period - slow MA calculation period

Calculations:

Spread Oscillator = SlowMA - FastMA

where:

SlowMA = EMA(Ratio, Slow MA period)
FastMA = EMA(Ratio, Fast MA period)
Ratio = (Close(First symbol) / Close(Second symbol))*100.0




Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/23526