OPEN-SOURCE SCRIPT
Gas/Oil Spread
Gas/Oil Spread Analyzer with Static Overbought/Oversold Zones
This indicator measures the spread between the actual price of natural gas and its oil-based equivalent, derived from a defined oil/gas ratio. It helps traders identify potential mispricings and mean-reversion opportunities between the two energy commodities.
Key Features:
- Calculates spread: Gas Price – Oil-Based Equivalent Price
- Supports dynamic or static oil/gas ratio
- Plots a smoothed version of the spread (SMA)
- Displays static overbought and oversold zones to highlight extreme deviations
Use Cases:
- Detect overvalued or undervalued gas relative to oil
- Spot potential reversion setups in intermarket trading
- Evaluate energy market dislocations and hedging opportunities
This indicator measures the spread between the actual price of natural gas and its oil-based equivalent, derived from a defined oil/gas ratio. It helps traders identify potential mispricings and mean-reversion opportunities between the two energy commodities.
Key Features:
- Calculates spread: Gas Price – Oil-Based Equivalent Price
- Supports dynamic or static oil/gas ratio
- Plots a smoothed version of the spread (SMA)
- Displays static overbought and oversold zones to highlight extreme deviations
Use Cases:
- Detect overvalued or undervalued gas relative to oil
- Spot potential reversion setups in intermarket trading
- Evaluate energy market dislocations and hedging opportunities
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Команда трейдеров из России с опытом более 4х лет. Используем комплексную торговую систему, основанную на волновом принципе Эллиота. Торгуем все виды рынков
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Команда трейдеров из России с опытом более 4х лет. Используем комплексную торговую систему, основанную на волновом принципе Эллиота. Торгуем все виды рынков
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.