Formulas:
Differential[i]=Price1[i]-Price2[i], if AsPercentage=false or
Differential[i]=(Price1[i]-Price1[i-1])/Price1[i]-(Price2[i]-Price2[i-1])/Price2[i], where
Price1 is a price of instrument 1 and Price2 is a price of instrument 2.
Normalised Divergence[i]=(Price1[i]-Price2[i]-Avg(Price1-Price2))/StDev(Price1-Price2), where
Avg is a average for range form [i-AveragePeriod] to [i] and StDev is a standard deviation for range form [i-AveragePeriod] to [i].
Download Differential indicator:
Differential_Indicator.lua- (6.31 KiB) Downloaded 797 times
Download Normalised Divergence indicator:
- Normalised_Divergence_Indicator.lua
- (6.2 KiB) Downloaded 802 times
The indicator was revised and updated
