Spread Oscillator

[Apprentice]

Ratio = (First Instrument / Second Instrument)*100
Spread Oscillator = Long MA of Ratio - Short MA of Ratio

Spread Oscillator.lua

(4.65 KiB) Downloaded 1246 times

Spread Oscillator with Normalization.lua

(5.9 KiB) Downloaded 1102 times

MT4/Mq4 version.
viewtopic.php?f=38&t=64942&p=113699#p113699

[Apprentice]

Zero line Added.

[Jeffreyvnlk]

Zero line Added.

Thanks

[Jeffreyvnlk]

Is there a way for normalization this Spread Oscilator for 3 year ? Like constructing of COT index
Subtracting by exponential moving averages is appreciated

[Apprentice]

Normalization algorithm is as follows.
Subtract exponential moving of spread from the spread?

[Jeffreyvnlk]

Normalization algorithm is as follows.
Subtract exponential moving of spread from the spread?

Thank
Spread Oscillator = Long EMA of Ratio - Short EMA of Ratio

[Jeffreyvnlk]

Just like an orginal request, using EMA appreciated. And adding Zero line , please

It was appreciated if you could make this indicator called Spread Oscillator (SO):

A. Modified spread: dividing 1 instrument by 2rd and then multiplying by 100
B- Subtract a 5-period exponential moving average of A from a 15- period exponential moving average of A as well

Long and short 1st instrument when SO crossing above or below Zero line

Thanks in advance

[Apprentice]

Normalization option added.

[Jeffreyvnlk]

Perfect, you save me

[Jeffreyvnlk]

Spread Oscillator.png

Ratio = (First Instrument / Second Instrument)*100
Spread Oscillator = Long MA of Ratio - Short MA of Ratio

Spread Oscillator.lua

Spread Oscillator with Normalization.lua

Your Spread Oscillator based on moving average was great.
May I propose another method which based on percentage change movements as following:
===============
Input: Length(20)
Value1(( C/C[Length])- C Data2/C[Length] Data2))*100;
===================
I called it as Spread Momentum (SM) and it could be easier to use for trading. Use 2 levels for extremes and Zero line. It would be fantastic if you could paint the price bars when SM reaching extremes
Thanks