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Crude Crack Spread and Soybeans Crush Spread Indicators


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Crude Crack Spread and Soybeans Crush Spread Indicators

  #1 (permalink)
 alhakeem 
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Hello

Could someone point me to where to get these indicators for Ninjatrader:

Crude Oil Crack Spread
Soybeans Meal Oil Crush spread.

I look forward to your response.
Cheers,
AH

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  #2 (permalink)
 
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 AnvilRob 
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It’s not indicator but a spread. So you either can plot spreads in ninja or you can’t. It’s a complicated spread. I recommend just using barchart. In the search just type RBOB crack spread or crush and you will find them


RBOB CRACK SPREAD
https://www.barchart.com/futures/quotes/JRMZ23/interactive-chart



CRUSH SPREAD (Jan)
https://www.barchart.com/futures/quotes/CSF24/interactive-chart



Hope I helped

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  #3 (permalink)
 OttoBlink 
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alhakeem View Post
Hello

Could someone point me to where to get these indicators for Ninjatrader:

Crude Oil Crack Spread
Soybeans Meal Oil Crush spread.

I look forward to your response.
Cheers,
AH

Sent using the NexusFi mobile app

There's a free spread indicator on ninjatrader ecosystem but it won't currently cover more than two legs. You could probably request someone build it in the "Want your indicator coded free" thread...

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 SMCJB 
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Not a NT person but there are multiple crude oil crack spreads.
The five most common, which are all 2 legged spreads and have exchange traded spreads available on both NYMEX and ICE are
  • WTI-Heating OIl Crack - CL vs HO
  • WTI-RBOB Crack - CL vs RB
  • Brent-Heating OIl Crack - BRN vs HO
  • Brent-RBOB Crack - BRN vs RB
  • Brent-Gasoil - BRN vs LGO
These can all be plotted with a simple spread indicator. Note: If you use a spread indicator with continuous contracts you will get some very strange results!

More complicated cracks, that give a better estimate of actual refiner margins, but not tradable as exchange traded spreads are
  • 2:1:1 Crack ~ 2 Crude (WTI/CL or Brent/BRN) vs 1 Gasoline & 1 Heating Oil.
  • 3:2:1 Crack ~ 3 Crude (WTI/CL or Brent/BRN) vs 2 Gasoline & 1 Heating Oil.
  • 5:3:2 Crack ~ 5 Crude (WTI/CL or Brent/BRN) vs 3 Gasoline & 2 Heating Oil.
To chart these you need an indicator that not only takes 3 legs, but also allows weights on those legs.

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Last Updated on December 24, 2023


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