Pairs Indicator

TMPairs Indicator

Compare two instruments (assets) and their performance. Chart Instrument / Reference Instrument. This have some use with pairs binary options as it gives exact value based to bid & ask level. Real actual value shown at every market data change (ask + bid)/2 to both instruments. So the strike value can and will change although no change at price. History values are based to traded close values.

Parameters (Default):

• RefInstrument (""): Where to compare the chart instrument, like SI 05-15

Other  

This and PVMultiVerticals can be used with binary options trading. Strike values.
Anything like Gold/Silver, Stock/Stock, Commodity/Commodity, Index/Index ...

There are several other indicators comparing the strength of the different instruments each other like PVPairTradeNormilizedI ,  PVRelativeStrengthMeter  and PVChangeArb but this calculates values between bid  - ask level on every market data change so very accurate if that is needed.

Same series as TMStrkePrice Indicator.

Download: TMPairs_NT7

Purchase (PriceGroup1)

 

Risk Disclosure: Futures and forex trading contains substantial risk and is not for every investor. An investor could  potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results. 

Hypothetical Performance Disclosure: Hypothetical performance results have many inherent limitations, some of which are described below. no representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.
Terms of Usage