PipTick Pairs Cross
PipTick Pairs Cross is a unique tool for negatively correlated trading instruments, such as EURUSD and USDCHF currency pairs. It is based on a concept called pairs trading (or spread trading). Our indicator is comparing the strength of two currency pairs that are inversely correlated and easily tell you when it’s time to buy the first pair and short a second pair, and vice versa. This is an extremely simple approach to trading currency pairs that works very well.
How to Use the PipTick Pairs Cross Indicator?
There are only two basic ways how to trade with this indicator.
- The histogram has changed color from red to green (cross above 0) - BUY Pair 1, SELL Pair 2
- The histogram has changed color from green to red (cross below 0) - SELL Pair 1, BUY Pair 2
For increasing of success of signals, we also recommend to apply some additional filters such as Heiken Ashi.
Suitable Currency Pairs
- EURUSD vs USDCHF
- GBPUSD vs USDCHF
- AUDUSD vs USDCHF
- EURUSD vs USDCAD
- AUDUSD vs USDCAD
Main Features
- The indicator is comparing the strength of two inversely correlated currency pairs
- The signal line for entering or exiting the trades
- Works on every timeframe (M1, M5, M15, M30, H1, H4, D1, W1, MN)
- The indicator is non-repainting
- Ready for backtesting (customizable look-back period)
- Customizable parameters (Colors, Line thickness, RSI period...)
- Very fast calculation
- Available for MT4 and MT5
- The indicator works with prefixes and suffixes of symbols as well (EURUSD.m, EURUSD-pro...)
Input Parameters
- Pair_1 - Name of the first pair
- Pair_2 - Name of the second pair
- Bars_Ago - Number of the bars displayed by the indicator. In case the Bars_Ago parameter is set to 0, all bars in the chart have been displayed
- RSI_Period - Period of the RSI for calculation
- RSI_Period - Period of the RSI for calculation
- Smoothing- Period for the calculation of smoothed curve
- Text_Size - Size of the other currency labels
- Histogram Thickness - Thickness of the chart histogram
- Color_Positive - Color of the positive histogram
- Color_Negative - Color of the negative histogram
- Show_Signals - Allows to enable or disable displaying signals (vertical lines)
- Color_Buy_Signal - Color of the buy signals (vertical lines)
- Color_Sell_Signal - Color of the sell signals (vertical lines)
Output Parameters
- RSI - RSI output values
- Positive - Positive values
- Negative - Negative values
Screenshots
Purchase
All our products are available in the MQL5 market.