Indicator/alert/scan for pairs divergence?

R

runit

New member
Hi everyone.

I'm using the TOS "comparison" indicator, plotting on top of a correlated underlying.

I'm using "show price as percentage" in the chart axis settings, to keep things proportional (to not have the lines shift up/down when scrolling further back in time).

Is there an indicator or alert (and secondarily a scan), to tell when the two underlyings are moving apart a certain amount (say 1 or 2%, or a set amount), or when they cross over? I feel like there should at least be an indicator for when two underlyings are crossing over, but it'd be nice to know when they are diverging/moving apart.

Thank you!
 

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