[KG] FCPO Spread

٢٨ فبراير*** Released Version 79 ***
------ INTRODUCTION ------
Spread trading where a trader buys one futures contract and sells another contract simultaneously.
Spread trading is popular because it is less risky when compared to outright futures trading. And since it is less risky, spread trading tends to have lower margin requirements.

------ DESCRIPTION ------
This indicator, FCPO Spread, is calculating the spread value of 2 FUTURE CONTRACTS and construct new candles based on Open, Close, High and Low of 2 contracts.
Moving Average were drawn based on spread value.

There's Spread Information at BOTTOM right of the chart which contain the following info.

• Spread Contract Timeframe [in Minutes]
  
• Future Contracts Symbols for Spread calculation
  
• Close = Spread/Difference of the 2 contracts.
  
• Long Risk = Differences of Current level to SUPPORT
  
• Short Risk = Differences of Current level to RESISTANT
  

------ ICONS ------
🚀 triggered when Bullish MA lineup, i.e Fast MA is above Slow MA (Default MA period 5,9,13,20).
LONG is TURTLE Buy signal when spread closes above Turtle Resistant.

💥triggers when Bearish MA lineup i.e Fast MA is below Slow MA (Default MA period 20,13,9,5)..
SHORT is TURTLE Sell signal when spread closes below Turtle Support

Note : Closing price varies depend on chooses timeframe

------ USAGE ------

1. LONG when L signal appear. L signal will appear when the spread breaks and closing above Turtle Resistant.
   Turtle Resistant is calculated based on previous N candles high where N value (Default 5) is configurable in the setting.
   It is better to LONG during uptrend i.e Bullish MA Lineup (represented by 🚀 icon)
   
   
2. SHORT when S signal appear. S signal will appear when the spread breaks and closing below Turtle Support.
   Turtle Support is calculated based on previous N candles low where N value (Default 5) is configurable in the setting.
   It is better to SHORT during downtrend i.e BEARISH MA Lineup (represented by 💥 icon)