OPEN-SOURCE SCRIPT
[ AlgoChart ] - Compare Market

Indicator Description:
This indicator allows you to display a second asset, selectable from the input panel, in a separate window. Plotted on the same time scale as the first asset but with a distinct price scale, the indicator enables analysis of the relationships and relative movements of two financial instruments. It’s an ideal tool for understanding whether two assets move in a correlated or divergent manner.

Key Features:
Operational Applications:

Additional Features:
This indicator allows you to display a second asset, selectable from the input panel, in a separate window. Plotted on the same time scale as the first asset but with a distinct price scale, the indicator enables analysis of the relationships and relative movements of two financial instruments. It’s an ideal tool for understanding whether two assets move in a correlated or divergent manner.
Key Features:
- Multi-Asset Comparison: Display two assets simultaneously to compare their trends.
- Custom Scale: Each asset uses its own price scale, making comparative analysis easier.
- Intuitive Interface: Easily select the second asset through the input panel.
Operational Applications:
- Spread Trading: Identify optimal moments to execute spread trades when two highly correlated instruments move in opposite directions.
- Supply & Demand: Pinpoint zones of interest on both assets, increasing the validity of support and resistance areas.
- Exposure Reduction: Monitor instruments that move similarly to avoid exposing the portfolio in identical directions, thereby reducing the risk of double losses.
Additional Features:
- Candle Color Change: When a directional divergence occurs between the two assets, the candles change color to highlight the event.
- Customizable Notifications: Receive instant alerts when a divergence occurs, allowing you to act promptly.
开源脚本
本着TradingView的真正精神,此脚本的创建者将其开源,以便交易者可以查看和验证其功能。向作者致敬!虽然您可以免费使用它,但请记住,重新发布代码必须遵守我们的网站规则。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。
开源脚本
本着TradingView的真正精神,此脚本的创建者将其开源,以便交易者可以查看和验证其功能。向作者致敬!虽然您可以免费使用它,但请记住,重新发布代码必须遵守我们的网站规则。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。