If you're trading in the forex market, you've probably heard of the arbitrage indicator. This handy tool helps you visualize the differences in currency values across various pairs, making it easier to spot potential opportunities.
The arbitrage indicator draws two lines, showcasing the price discrepancies between two currencies based on three different pairs. It's particularly useful for traders focusing on the following pairs:
- EUR/USD
- EUR/JPY
- GBP/USD
- GBP/JPY
- USD/CHF
- USD/JPY
Before you start using the indicator, make sure you've loaded the history for the relevant symbols in your MetaTrader 4 platform. This will ensure that you get the most accurate readings and can make informed trading decisions.
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