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Creating a Coupling/Decoupling Chart - Help Needed!
I would like to invert the price on one of either instrument in order to create a correlation, since ZB and ES are usually inversely correlated.
Similar to how it's done in this picture below (The VIX price goes up as you go down the chart):
Anyone could help me out in setting it up?
Also, does anyone know how to set it so that each vertical line = 1 day, it's currently 7 days for each vertical line.
Can you help answer these questions from other members on NexusFi?
If you keep the indicator left aligned like your data plot, set the data plot to Overlay and Transparent, you wouldnt need the extra code to create a Dataseries. Might be a good easy one for a new coder to cut your teeth on.
Ok, never fiddled with the Ninjatrader Indicator wizard, so this is my first dib at it. I'm getting an error in the code and I'm not quite sure what's going. LOL. I just pasted what you wrote, inside a document I created with the wizard, with most settings on default and kept hitting next (I was thinking I could edit out what's not needed).
I thought this whole idea could be easily done by tweaking some settings in Ninjatrader
Now if there was a way to have a divergence indicator that could give me a number so that I could tell for sure that there is a divergence forming...
Like something that could calculate the distance between the two prices.