Spread Oscillator displays the spread of values between the two symbols selected
It has four configurable parameters:
- First symbol – first symbol name
- Second symbol – second symbol name
- Fast MA period – fast MA calculation period
- Slow MA period – slow MA calculation period
Calculations:
Spread Oscillator = SlowMA – FastMA
where:
SlowMA = EMA(Ratio, Slow MA period)
FastMA = EMA(Ratio, Fast MA period)
Ratio = (Close(First symbol) / Close(Second symbol))*100.0
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