PipTick World Flow indicator is a unique tool that allows traders to see the flow of the global economy in one window. Basically, it shows the current strength of oil, gold, dollar and stock market in one chart. It helps to understand the basic relations and correlations between those markets.
Relationships between markets
Oil - The Boss - The whole world economy is based on oil. Oil is the king, the boss of all bosses, the capo di tutti. Oil instructs gold what to do.
Gold - The Manager - Gold is the second most important market in the world. It is governed by what oil does and commands dollar and equities.
Dollar and Stocks - The Employees - These markets accept orders from their manager - the gold. If the gold and oil trends upward, the dollar and stocks are weakening.
The indicator shows strength and weakness of major world markets
Simple comparison of one market against another
Overbought and oversold area for entering or exiting the trades
Works on every timeframe
The indicator is non-repainting
Ready for backtesting
Very fast calculation
Available for MT4 and MT5
Your broker should provide the symbols of oil, gold and S&P500 for proper functioning of the indicator
RSI_Period - Period of RSI calculation
Smoothed_Mode - Allows to choose between raw or smoothed curve
Smoothed_Method - Allows to choose from for type of smoothing
Smoothed_Period - Period for calculation of smoothed curve
Bars_Ago - Number of bars displayed by the indicator
OIL_Symbol - The exact name of the OIL symbol
GOLD_Symbol - The exact name of the GOLD symbol
S&P500_Symbol - The exact name of the S&P500 symbol
Text_Size - Text size of labels
Line_Thickness - Thickness of indicator lines
Visibility_USD - Allows to enable or disable displaying of the USD line
Visibility_OIL - Allows to enable or disable displaying of the OIL line
Visibility_GOLD - Allows to enable or disable displaying of the GOLD line
Visibility_S&P500 - Allows to enable or disable displaying of the S&P500 line