Oct
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Formula 201 – #3 A Simple Spread Indicator Using 2 Linked Series
by Lawrence Chan on Oct. 23rd, 2005 in Formula 201
Indicators can be linked to multiple series and perform computation across all these series, no matter the linked item is a data series or indicator series. One of the most common usage for linking with multiple series is spread analysis. I am going to show you a basic formula indicator that calculate the spread between two data series with user customizable weightings.
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One of the very important aspects of indicator is using parameters. Parameters are information provided by you, the user, to modify the behaviour of the indicator. We will walk through the basics of defining parameters, and then we will take an overview of accessing primary series information.
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