Hi , I want an indicator that will show in digits on the chart & update all time having G/U x U/J = **** ***
anybody knows or can code .
Thanks ,
fontu
Ignored
Fontu,
I don't understand what you mean. Maybe other programmers won't either.
G/U x U/J = G/J
For example, take their current prices:
GU = 1.58883
UJ = 80.492
GU x UJ = 1.58883 x 80.492 = 127.888
GJ = 127.888
Hence all you need is to view the G/J price.
Assuming you're referring to MT4, to see the prices of all pairs, press Ctrl+M to get the Market Watch window, or press F10 to get popup prices.
If you want an indicator to do something similar, then Display Info might help. You can show GBPJPY only by selecting Currencies = GBP,JPY
The other parameters should be self-explanatory. Set the ShowBidPrice to true, everything else to false.
Or maybe you are looking for triangular arbitrage? If so, Kurka's arbitrage dashboard might be helpful to you.
Hi , I want an indicator that will show in digits on the chart & update all time having G/U x U/J = **** ***
anybody knows or can code .
Thanks ,
fontu
Ignored
As Hanover stated, the idea is to implement simple fraction algebra to create a synthetic pair from the desired combination. This synthetic pair will not be exactly equal to the underlying due to the slight differences in price, and this is related to a triangular arbitrage strategy. While it is difficult for retail traders to take advantage of the discrepancies in price due to execution costs, understanding triangular arbitrage concepts can help in the creation of a trading strategy that is edge-based. The article Triangular Arbitrage 101 has some information regarding creating synthetic pairs and tri arb in general.
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Using the triangular arbitrage formula it is possible to create synthetic currency pairs from the other two pairs in a ring. For example EUR/USD = GBP/USD * EUR/GBP. Recall from basic algebra that when two fractions are multiplied, identical diagonal values can be crossed out or eliminated. In this case GBP is in the numerator of the GBP/USD pair, and GBP is in the denominator of the EUR/GBP pair. When these two pairs are multiplied, the GBP in the numerator cancels out the GBP in the denominator and EUR/USD is left, so the equation resolves to...
Near the middle of the article there is a brief allusion to how to turn a triad's prices into a mathematical equation that has a mean centered at zero. Why would mean centering the combined prices of three related currency pairs be useful from a strategy development standpoint? I'll leave that as an open question for you to ponder.
