DuettoFX – indicator from pimpmyea team. Indicator based on pair trading (or spread trading) stategy. DuettoFX is comparing two currency pairs that are (directly or inversely) correlated and easily tell you when it’s time to go long one and short the other, and vice versa.
DuettoFX not only tells you when to enteк or exit trades but also tells you how many lots you have to use for each pair in order to have a “balanced” spread. The calculation is based on the average daily range