Goal

To plot the variable Ratio into a chart for day trading.


Formulae

Ratio = - (Var % Asset 1 + p*(Var % Asset 2)) * 100  .................... p is a real variable.

Var % Asset 1 = (Current Price) / Previous Day Close   -   1

Var % Asset 2 = (Current Price) / Previous Day Close   -   1

Variable Ratio inserted in Asset 2 candlestick chart. The main chart.

Note that we use the Previous Day Close, not the Previous Bar Close, for any time frame. It is a Day Trade Indicator.
It is also to do a first derivative indicator, DR1/DT, and a second derivative indicator, DR2/DT, plotted into two separate charts under the main chart.


Important: I only will order this indicator if later I can use it to create an EA to trade one or both of the assets.