Delta Pairs – index for set trading, reveals the divergence of 2 currency pairs. can not redraw. A helpful tool for assessing the behaviour of two currency pairs relative to each other.
The Delta Pairs index is designed to detect discrepancies in the movement of two currency pairs. This indicator is displayed as two charts of lines and the difference (delta) between these graphs in the form of a histogram. The Delta Pairs indicator will be convenient for people who use pair trading. This system is based on trading two financial instruments simultaneously, in our situation, currency pairs. The essence of such trading is to see the maximum divergence of two currency pairs to open counter transactions, and when the currency pairs converge to close the transaction. The indicator does not guarantee the reverse convergence of currency pairs, this decision is up to you.
- PAIR 1-currency pair number one (here you specify the first currency pair, it is important to specify exactly as your broker presents in the market review in the terminal, for example, EURUSD all letters are capitalized).
- PAIR 2-currency pair number two (here you specify the second currency pair, usually a currency pair that has the same currency as the first pair, we also specify all capital letters, for example, the second pair USDCHF).
- LOT FOR A PAIR 1 – volume for the first pair (by default, there is one lot, and the line of this currency pair describes exactly the behavior of the chart of the currency pair itself).
- LOT FOR A PAIR 2 – volume for the second pair (by default, there is one lot, and the line of this currency pair describes exactly the behavior of the chart of the currency pair itself. But it happens that we need to display the chart in a mirror, so then we write the lot equal to minus one, for example, as for the USDCHF currency pair).
- start_time is a parameter of the start date of the divergence of two currency pairs. Typically, a date from two weeks ago is used for an hourly chart.
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