PipTick Pairs Cross MT5
Indicator PipTick Pairs Cross works with negatively correlated trade instruments such as the EURUSD and USDCHF. indicator is based on "pairs trade" (or spredovoy trade). He compares the effect of two negatively correlated pairs and determines the best times to buy and sell the first pair of the second and vice versa. This is a very simple and effective approach to trading currency pairs.
application
Trading using the indicator is quite simple:
- If the histogram changes color from red to green (crossing the zero line from the bottom up), buy and sell a pair of 1 pair of 2
- If the histogram changes color from green to red (crossing the zero line from top to bottom), 1 pair sell and buy a pair of 2
To improve the efficiency of signals is recommended to use additional filters, e.g., Heiken Ashi.
suitable pairs
- EURUSD USDCHF against
- GBPUSD USDCHF against
- AUDUSD USDCHF against
- EURUSD USDCAD against
- AUDUSD USDCAD against
Main characteristics
- The indicator compares the strength of two inversely correlated currency pairs
- Signal line to enter and exit trades
- It works on any timeframe (M1, M5, M15, M30, H1, H4, D1, W1 and MN)
- The indicator is not redrawn
- Testing history (configurable period of history)
- Adjustable parameters (color, line thickness, period RSI ...)
- Very fast calculation
- The indicator also works with prefixes and suffixes (EURUSD.m, EURUSD-pro ...)
- Designed for MT4 and MT5
Input parameters
- Pair_1 - The name of the first pair
- Pair_2 - The name of the second pair
- Bars_Ago - The number of bars displayed indicator. If Bars_Ago value is set to a value of 0, all the bars are displayed on the graph
- RSI_Period - RSI period indicator to calculate
- Smoothing- Period to calculate the smoothed curve
- Text_Size - Size labels other currencies
- Histogram Thickness - The thickness of the histogram graph
- Color_Positive - Color positive histogram
- Color_Negative - Color negative histograms
- Show_Signals - Enabling / disabling of signals (vertical lines)
- Color_Buy_Signal - Color signals on the purchase (vertical lines)
- Color_Sell_Signal - Color signals for sale (vertical lines)
output parameters
- RSI - Output values RSI
- Positive - positive values
- Negative - Negative values
For more information, visit PipTick Pairs Cross.
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