the Summorai indicator is now available for meta trader 4
Trading is usually based on analyzing one chart at a time — EURUSD, GBPUSD, XAUUSD, etc. But what if we could combine several symbols into one normalized signal?
That’s exactly what the Summorai indicator does. It creates a multi-symbol moving average line, normalized across up to 5 symbols, and plots it directly on your current chart. This allows you to track the combined momentum of different assets in a single visual line.
🔎 Concept Behind the Indicator
You choose up to 5 instruments (e.g., EURUSD, GBPUSD, USDJPY, XAUUSD, BTCUSD).
Each symbol’s price is normalized against its first available value so that they can be compared on the same scale.
The normalized values are then averaged together into a synthetic price line.
Finally, a Moving Average (MA) is applied to smooth the synthetic line and plotted on your chart.
This gives you a single indicator line that reflects the “blended” behavior of several assets — useful for basket trading, correlation studies, or strength analysis.
⚙️ Key Features
Supports up to 5 symbols at once.
Works with different applied prices (Close, Open, High, Low, Median, Typical, Weighted).
Adjustable Moving Average period.
Automatic price normalization, so EURUSD (1.08) and XAUUSD (1900.00) can be combined meaningfully.
Plotted directly on your chart with scaling to match the current symbol.
📈 Example Use Cases
Basket Trading → Monitor the average trend of a currency basket.
Correlation Studies → Spot divergences when one symbol moves against the group.
Synthetic Index → Build your own “mini-index” (e.g., mix EURUSD, GBPUSD, and AUDUSD to create a “USD strength” line).
✅ Conclusion
The Summorai indicator is a powerful way to condense multiple instruments into one smooth trend line. Instead of flipping between charts, you can watch how a group of assets behaves together, helping with confirmation, hedging strategies, and portfolio-level analysis.
