OPEN-SOURCE SCRIPT
[ AlgoChart ] - Compare Market

Indicator Description:
This indicator allows you to display a second asset, selectable from the input panel, in a separate window. Plotted on the same time scale as the first asset but with a distinct price scale, the indicator enables analysis of the relationships and relative movements of two financial instruments. It’s an ideal tool for understanding whether two assets move in a correlated or divergent manner.

Key Features:
Operational Applications:

Additional Features:
This indicator allows you to display a second asset, selectable from the input panel, in a separate window. Plotted on the same time scale as the first asset but with a distinct price scale, the indicator enables analysis of the relationships and relative movements of two financial instruments. It’s an ideal tool for understanding whether two assets move in a correlated or divergent manner.
Key Features:
- Multi-Asset Comparison: Display two assets simultaneously to compare their trends.
- Custom Scale: Each asset uses its own price scale, making comparative analysis easier.
- Intuitive Interface: Easily select the second asset through the input panel.
Operational Applications:
- Spread Trading: Identify optimal moments to execute spread trades when two highly correlated instruments move in opposite directions.
- Supply & Demand: Pinpoint zones of interest on both assets, increasing the validity of support and resistance areas.
- Exposure Reduction: Monitor instruments that move similarly to avoid exposing the portfolio in identical directions, thereby reducing the risk of double losses.
Additional Features:
- Candle Color Change: When a directional divergence occurs between the two assets, the candles change color to highlight the event.
- Customizable Notifications: Receive instant alerts when a divergence occurs, allowing you to act promptly.
開源腳本
本著TradingView的真正精神,此腳本的創建者將其開源,以便交易者可以查看和驗證其功能。向作者致敬!雖然您可以免費使用它,但請記住,重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
開源腳本
本著TradingView的真正精神,此腳本的創建者將其開源,以便交易者可以查看和驗證其功能。向作者致敬!雖然您可以免費使用它,但請記住,重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。