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Re: spread indicator as ohlc?



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At 05:39 AM 10/13/2004, Jim Booner wrote:

>is there any indicator available which could plot the spread between two
>values as an bar ( ohlc)?
>
>if i have ndx/s&p spread i want to see also the highs and lows spread in a
>subchart. is this possible?

This is trickier than it seems.

Each bar for each symbol has OHLC values. If, for example, you were long data1 and short data2 you might think that the high of the spread would be the high of data1 minus the low of data2. 

But that is not the case since the high of data1 and the low of data2 do not occur at the same time within the bar.

Bob Fulks