I will be releasing a fun little indicator I made for myself that converts tickers into a desired currency.
As I am Canadian and I trade both the TSX and NYSE and hold money in both currencies, one thing I try to remain vigilant of is the current currency and exchange rate. When I started trading, I used to be kind of ignorant to this and I realized that a great deal of P&L can be lost or gained simply by managing the currency you are holding.
This indicator simply provides a conversion of a ticker from one currency to another. You can automatically select the conversion by searching the conversion currency on Tradingview. It will automatically do the conversion for you and plot out the converted chart.
There are some additional features of the indicator. This includes being able to visualize your added gain or loss based on the current currency trading behaviour.
I will leave the rest for the video to explain, but as always please leave your questions, comments and feedback below!
For real-time updates and premium indicators, consider joining my group at: patreon.com/steversteves
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