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Synthetic Chart 1.0

Metatrader Indicator (MT4/MT5)

  • Overview

    This indicator creates synthetic charts. It creates a candlestick chart plotting the price of one instrument measured against another, helping you to find hidden opportunities in the market crossing relationships between different instruments.

    • Find hidden trading opportunities
    • Get a broader sense of the price of commodities
    • Commodities range against each other and are easier to trade
    • Correlated Indices can be traded against each other easily
    • Your imagination is the limit with this indicator

    For instance, this indicator can plot....

    • The price of Dow Jones in Gold Ounzes
    • The price of Nasdaq in SP500 shares
    • The price of Oil in Silver Ounzes
    • The price of Oil in bushels of Corn
    • The price of Cattle in tonnes of Copper
    • And endless combinations!

    For the indicator to display properly, please run on a white chart template or change the indicator white buffers to black.

  • Input parameters
    Input parameters

    When loading the indicator or EA to any chart, you will be presented with a set of options as input parameters. Don't despair if you think they are too many, because parameters are grouped into self-explanatory blocks.

    1st Symbol
    Type the native symbol of the chart to be plotted. For example, XAUUSD.
    2nd Symbol
    Type the reference symbol of the chart to be plotted. For example, XAGUSD.
  • ? FAQ
    Does the indicator repaint?
    No, it does not. Once a bar closes, it will not repaint.
    How can I trade a synthetic chart?
    You trade a synthetic chart by going long one symbol and short the opposite symbol, effectively selling one and buying the other simultaneously, just like you do with a forex pair, but with a single trade.

Screenshots

Synthetic Chart Indicator for Metatrader
Synthetic Chart Indicator for Metatrader
Synthetic Chart Indicator for Metatrader
Synthetic Chart Indicator for Metatrader
Synthetic Chart Indicator for Metatrader
Synthetic Chart Indicator for Metatrader
Synthetic Chart Indicator for Metatrader