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Pairs Trading Candle Chart

The indicator is designed for visual multicurrency analysis. It allows synchronous scrolling and analysis of a few charts simultaneously.

The product can also be used for pairs trading. The indicator works both on Forex and Russian FORTS market. The product has a very important property - if there are skipped bars at the symbols, the synchronism of charts on the time axis is fully preserved.

Each chart point is strictly synchronous with the others on the time axis at any time frame. This is especially true in the stock market, as well as for low-liquidity symbols.

Price display method is colored candles.


The following values are displayed:

  • Open prices/High/Low/Close - as a colored candle. The default colors are as follows: red candle - the price is falling (Close value is less than Open one), green candle - the price is rising (Close value exceeds Open one), yellow candle - the price is equal to the previous one (Close value is equal to Open one), gray candle - the price corresponds to the missing bar.
  • Price levels - as horizontal dashed lines. They are often used as support/resistance levels.
  • Current Bid/Ask/Last prices - as horizontal lines. Display, color and line style are specified by a user.


External parameters:

  • Hedge Instrument Name - name of the symbol to be displayed on the chart that is synchronous to the main one. For example, "GBPUSD" (of course, quotation marks should be omitted when specifying a name).
  • Instrument Show Name - name that should be displayed in the indicator window. You can use a custom name for an instrument as its original name can be too long and contain unnecessary information. If this field is left empty, the instrument name will be used.
  • Show on Chart, days - limits the number of days displayed as a chart. Specified number of displayed days does not depend on the chart's timeframe.
  • Show Levels - show/hide price levels. If Yes, price levels are displayed on the chart.
  • Levels Step Size, points - distance between adjacent levels in points - it is usually set as multiple of 500 (the distance multiple of 400 points is often used for JPY pairs). Also, additional levels for a specified step are displayed.
  • Up & Down Round Levels Number - number of displayed price levels above and below the current price. If set to 4, the level closest to the current price (4 below and 4 above) is displayed.
  • Levels Line Color - color of the lines displaying price levels.
  • Levels Line Style - style of the lines displaying price levels (solid, dashed, etc.).
  • Scanning Interval, msecs - period of the data update on the chart. It is set in milliseconds (the value of not less than 100 milliseconds should be set).
  • Chart Color Schema - indicator's color scheme. The following schemes are available: light/dark/black on white/white on black.
  • Show Bid Line - show/hide Bid price location on the chart as a horizontal line. Line color and style are set as individual parameters.
  • Show Ask Line - show/hide Ask price location on the chart as a horizontal line. Line color and style are set as individual parameters.
  • Show Last Line - show/hide Last price location on the chart as a horizontal line. Line color and style are set as individual parameters. This price is valid for stock symbols (for example, for Russian FORTS market).
  • Bid Line Style - line style for Bid price on the chart (solid, dashed, etc.).
  • Ask Line Style - line style for Ask price on the chart (solid, dashed, etc.).
  • Last Line Style - line style for Last price on the chart (solid, dashed, etc.).
  • Bid Line Color - line style for Bid price on the chart.
  • Ask Line Color - line style for Ask price on the chart.
  • Last Line Color - line style for Last price on the chart.
  • Show Buffer's Value on Chart - show/hide display of numerical values for indicator buffers in the indicator window.
  • Debug Info Level manages sending messages to the terminal's log on the errors occurring when symbol data is received. Sending is disabled by default.

Fig. 1 displays the indicator working with Forex symbols. This example shows the convenience of the multicurrency analysis based on various trading strategies (for example, Elder's Triple Screen, seasonal trends, etc.), as well as the development of new strategies depending on the trader's preferences.

Fig. 2 shows similar example for Russian FORTS market.

Below is the offer for active users and all those who keeps reading to this line.

If you have any interesting ideas for improving this or any other product I offer, then you'll get a big discount for any of my products (or even get it for free) if the idea is realized.

Please write all your suggestions on the Comments tab, so we can have a documentary proof of the ideas and see who the first author is.
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Indicadores
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Indicadores
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Indicadores
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Indicadores
ICT, SMC, SMART MONEY CONCEPTS, SMART MONEY, Smart Money Concept, Support and Resistance, Trend Analysis, Price Action, Market Structure, Order Blocks, BOS/CHoCH,   Breaker Blocks ,  Momentum Shift,   Supply&Demand Zone/Order Blocks , Strong Imbalance,   HH/LL/HL/LH,    Fair Value Gap, FVG,  Premium  &   Discount   Zones, Fibonacci Retracement, OTE, Buy Side Liquidity, Sell Side Liquidity, BSL/SSL Taken, Equal Highs & Lows, MTF Dashboard, Multiple Time Frame, BigBar, HTF OB, HTF Market Structure
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Indicadores
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TPA True Price Action MT5 Indicator
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5 (9)
Indicadores
TPA True Price Action indicator reveals the true price action of the market makers through 100% non-repainting signals strictly at the close of a candle! TPA shows entries and re-entries, every time the bulls are definitely stronger than the bears and vice versa. Not to confuse with red/green candles. The shift of power gets confirmed at the earliest stage and is ONE exit strategy of several. There are available now two free parts of the TPA User Guide for our customers. The first "The Basics"
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Indicadores
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PZ Swing Trading MT5
PZ TRADING SLU
5 (4)
Indicadores
Swing Trading es el primer indicador diseñado para detectar oscilaciones en la dirección de la tendencia y posibles oscilaciones de reversión. Utiliza el enfoque de intercambio de línea de base, ampliamente descrito en la literatura comercial. El indicador estudia varios vectores de precios y tiempos para rastrear la dirección de la tendencia agregada y detecta situaciones en las que el mercado está sobrevendido o sobrecomprado y listo para corregir. [ Guía de instalación | Guía de actualización
PZ Harmonacci Patterns MT5
PZ TRADING SLU
3 (5)
Indicadores
Este es posiblemente el indicador de reconocimiento automático de formación de precios más completo que puede encontrar para la plataforma MetaTrader. Detecta 19 patrones diferentes, toma las proyecciones de Fibonacci tan en serio como usted, muestra la zona de reversión potencial (PRZ) y encuentra niveles adecuados de stop-loss y take-profit. [ Guía de instalación | Guía de actualización | Solución de problemas | FAQ | Todos los productos ] Detecta 19 formaciones de precios armónicos difer
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4.93 (14)
Indicadores
Obtenga su actualización diaria del mercado con detalles y capturas de pantalla a través de nuestro Morning Briefing aquí en mql5 y en Telegram ! FX Volume es el PRIMER y ÚNICO indicador de volumen que proporciona una visión REAL del sentimiento del mercado desde el punto de vista de un bróker. Proporciona una visión impresionante de cómo los participantes institucionales del mercado, como los brokers, están posicionados en el mercado Forex, mucho más rápido que los informes COT. Ver esta info
Noize Absorption Index
Ekaterina Saltykova
Indicadores
Noize Absorption Index - is the manual trading system that measures the difference of pressure between bears forces and bulls forces. Green line - is a noize free index that showing curent situation. Zero value of index shows totally choppy/flat market.Values above zero level shows how powerfull bullish wave is and values below zero measures bearish forces.Up arrow appears on bearish market when it's ready to reverse, dn arrow appears on weak bullish market, as a result of reverse expectation.
PZ Support Resistance MT5
PZ TRADING SLU
4.17 (6)
Indicadores
¿Cansado de trazar líneas de soporte y resistencia? La resistencia de soporte es un indicador de marco de tiempo múltiple que detecta y traza automáticamente los soportes y las líneas de resistencia en el gráfico con un giro muy interesante: a medida que los niveles de precios se prueban con el tiempo y aumenta su importancia, las líneas se vuelven más gruesas y oscuras. [ Guía de instalación | Guía de actualización | Solución de problemas | FAQ | Todos los productos ] Mejora tu análisis técnic
Gold Trend 5
Sergei Linskii
5 (1)
Indicadores
Tendencia del oro : se trata de un buen indicador técnico bursátil. El algoritmo del indicador analiza el movimiento del precio de un activo y refleja la volatilidad y las posibles zonas de entrada. Las mejores señales del indicador: - Para VENTA = histograma rojo + puntero rojo CORTO + flecha amarilla de señal en la misma dirección. - Para COMPRA = histograma azul + puntero azul LARGO + flecha de señal aqua en la misma dirección. Ventajas del indicador: 1. El indicador produce seña
Basic Supply Demand Dashboard MT5
Mehran Sepah Mansoor
Indicadores
Este panel descubre y muestra las zonas de   Oferta   y   Demanda   en el gráfico, tanto en modo scalping como a largo plazo, dependiendo de su estrategia de trading para los símbolos seleccionados. Además, el modo de escáner del tablero le ayuda a comprobar todos los símbolos deseados de un vistazo y no perder ninguna posición adecuada /   Versión MT4 Indicador gratuito:   Basic Supply Demand Características Le permite ver las oportunidades de negociación en   múltiples pares de divisa
Price Action Finder Multi MT5
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5 (5)
Indicadores
The Price Action Finder Multi indicator is an indicator of entry points that searches for and displays Price Action system patterns on dozens of trading instruments and on all standard time frames: (m1, m5, m15, m30, H1, H4, D1, Wk, Mn). The indicator places the found patterns in a table at the bottom of the screen. By clicking on the pattern names in the table, you can move to the chart where this pattern is located. Manual (Be sure to read before purchasing) | Version for MT4 Advantages 1. Pa
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Indicadores
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Versión 1.7 2021.12.01
Перекомпилирован новой версией компилятора.
Versión 1.6 2014.10.30
1. New color schema added - Light Alternative Colors.
2. Forming of мissed bars improved.