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Yes I had hedging in mind when I thought of this indicator but I don't think I can programme something that's smart enough to say, "Okay currency x is lagging y bars behind z. What I can do though is maybe calculate what prices should be (e.g. EUR/USD 1.4871, USD/JPY 108.24 so EUR/JPY should be 1.4871*108.24 = 160.96). Just tell me which pair sets you want to see and I'll make it so.
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