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ratio chart (pair1/pair2)

  • #1
  • First Post: Mar 17, 2010 12:34pm Mar 17, 2010 12:34pm
Does anyone know where do get a ratio indicator for two pairs, just one pair divided by other, for example EURUSD/GBPUSD, also including bollinger bands.. all adjustable of course. I´m spread trading forex pairs, but I´d like to have all the necessary charts in MT4 so I could just use one software for analysis and trading.
Any help would be much appreciated
  • #2
  • Mar 24, 2010 3:10am Mar 24, 2010 3:10am
hi ray,
im also interested in spread trading, and have experience in programming.
Can you please explain, how do you imagine to use Bollinger bands?
thanks
  • #3
  • Mar 25, 2010 5:55am Mar 25, 2010 5:55am
I actually found the ratio chart including the bollinger bands, but the bands wont draw over historical data, only starts to draw when I launch the program, then i have to wait for couple of hours to see the bands.. and it resets when i change the parameters. another problem is that the ratio ofter disappears... best would be to have the bands already drawn when i open MT to do proper analysis
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-eurusd2.gif Size: 29 KB
  • #4
  • Mar 25, 2010 8:37am Mar 25, 2010 8:37am
hey ray..... a picture sure makes it clear..... yes we can code that easy enough.... will post later.......h
to trade and code, keep both simple... no call to impress....h
  • #5
  • Mar 25, 2010 11:45am Mar 25, 2010 11:45am
hey ray..... give this a shot..... briefly tested it..... there is always the threat of 0 divide.....h
Attached File(s)
File Type: mq4 rays ratiomatic.mq4   3 KB | 473 downloads
to trade and code, keep both simple... no call to impress....h
  • #6
  • Mar 26, 2010 12:12am Mar 26, 2010 12:12am
wow that is absolutely perfect! I cant thank you enough! this really is a great community. this method is still quite new to me so ill be testing it out with different parameters. also post some trades and maybe itl be useful for others aswell.

I opened a demo competition account on the 23rd and im up 10%, will see how it goes now with this perfected indicator. Thanks !
  • #7
  • Apr 11, 2024 12:56am Apr 11, 2024 12:56am
Hi friends!
I have an indicator compiled for mt4 ( AA_SpreadRatio_1.1.ex4 ), that is similar to "rays ratiomatic.mq4" , but add other two values to output (Value 5 points blue and Value 6 points red).
Can anyone with more experience than me figure out what they are made from?

Thanks very much for your support!
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 24 KB
Attached File(s)
File Type: ex4 AA_SpreadRatio_1.1.ex4   13 KB | 134 downloads
  • #8
  • Last Post: May 22, 2024 2:55am May 22, 2024 2:55am
Quoting davideciarmi
Hi friends! I have an indicator compiled for mt4 ( AA_SpreadRatio_1.1.ex4 ), that is similar to "rays ratiomatic.mq4" , but add other two values to output (Value 5 points blue and Value 6 points red). Can anyone with more experience than me figure out what they are made from? Thanks very much for your support! {image} {file}
hello,

it seems to be the value of the ratio (value5 filled = buy signal, value6 filled = sell signal) when the curve is crossing (and closing) from outside the bollinger bands to the inside.
If anyone has the mq4 file AA_SpreadRatio_1.1.mq4 I'd be more than happy to get it, thank you.

Didma
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