PZ Synthetic Chart MT5

Advantages of PZ Synthetic Chart MT5

The PZ Synthetic Chart MT5 indicator is an innovative tool designed for traders seeking to explore unconventional market relationships. Here are some of the key advantages of using this powerful indicator:

• Discover Hidden Trading Opportunities: The synthetic charts allow traders to see relationships between different instruments that would otherwise go unnoticed, giving them an edge in identifying potential trading opportunities.
• Broader Market Perspective: By plotting the price of one commodity against another, traders gain a comprehensive understanding of various market dynamics, helping them make informed trading decisions.
• Facilitates Easier Trading of Correlated Commodities: The ability to view and analyze correlated indices or commodities on one chart simplifies the trading process, allowing for more strategic trades.
• Unlimited Combinations: The versatility of the PZ Synthetic Chart means that traders can chart virtually any instrument against another. This creative freedom enables traders to leverage unique trading strategies tailored to their preferences.

Examples of Usage

The indicator offers endless customization options. Here are some possible chart combinations:

• The price of Dow Jones in Gold Ounces
• The price of Dow Jones in SP500 shares
• The price of Oil in Silver Ounces
• The price of Oil in bushels of Corn
• The price of Cattle in tonnes of Copper
• And countless other combinations!

To ensure proper display, it is recommended to run the indicator on a white chart template or to adjust the indicator’s buffer colors accordingly.

Input Parameters

• 1st Symbol: Enter the native symbol of the chart to be plotted, such as XAUUSD.
• 2nd Symbol: Enter the reference symbol for the plot, such as XAGUSD.

Author

This indicator is developed by Arturo Lopez Perez, a private investor and speculator with a background in software engineering, and founder of Point Zero Trading Solutions.