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Carbon Triangle Oscillator

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This is a variant of the Awesome Oscillator that can show the realtionship between three instruments at the same time.

I created this primarily for currency trading where a Currency Triangle is an arithmetic relationship between three currency instruments.

Example: GBP/JPY = GBP/USD * USD/JPY

By viewing the reationship between a currency instrument of interest and two of its component instruments,
we may be able to discern patterns that lead to profitable trades.

This script uses the current instrument on the chart as the foreground line plot,
and the other two configureable instruments as two overlaid histograms behind.

Enjoy!
Notas de prensa
Republished with a clean chart.

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