This indicator plots the close-spread relationship between two price series by calculating the change across two price series as a spread for each. Each spread is the rate of change in yesterday's closing price and the prior day's closing price. By default, weekend prices are defined to be 0.0 but can be included as user-definable input, if required.
Got a little board due to the lock-down so I have written this little script.
It allows you to set PIP Bands at levels on the chart.
The Back Line is Close plus Spread, the Red Line is PIPs below and the Green Lines are spaced at PIPs above at equal distance.
The top four lines can be toggled off. Set off as default.
There is a toggle for JPY Currencies and...
This indicator shows the percent change between the highs and the lows (or optionally the open and close) of each candle. You may also set a low and a high percent threshold to better highlight the candles that exceed your desired spread percent. Red signifies low spread, green is high spread - these are unrelated to the color of the candle body. There is also the...
Found an error in the orders. Script was making double orders at times. I fixed it. It is tuned as such:
15 min chart
starting $USD to show 1000 contracts for minicontract with FXCM (start date 3-18 $633 with 1:50 leverage)
Indicator plots ==> Starting equity - (trade gain and loses) - (number of trades) * (spread) = true balance estimate