The indicator can chart the spread between 2 instruments as a difference or as a ratio.
Settings:
Instrument1 –Â Enter a string of first instrument exactly as mentioned by broker
Instrument2 –Â Enter a string of second instrument exactly as mentioned by broker
Multiplier1 – A multiplying factor for first instrument
Multiplier2 – A multiplying factor for second instrument
ChartDifernce – A boolean which will chart difference between 2 instruments, set to false it will chart spread as a ratio
The spread chart appears in a separate window and then basic indicators can be applied to it like shown in the pictures.