Quantower_in
  • Welcome to Quantower.in Help
  • Getting started
    • What's new
    • Installation
    • First start
    • Platform update
    • Control center
    • Workspaces, Binds, Groups
    • Templates
    • Set as Default
    • Symbols lookup
    • Table management
    • Backup & restore manager
    • General settings
    • Quantower Account
    • Quantower Licenses
  • Connections
    • Connections manager
    • Connection to Quandl
  • Analytics panels
    • Chart
      • Chart types
        • Time aggregation
        • Renko
        • Heiken Ashi
        • Kagi
        • Points & Figures
        • Range bars
        • Line break
        • Volume Bars
      • Chart overlays
      • Technical indicators
        • Oscillators
          • Aroon Indicator
          • Moving Average Convergence/Divergence
          • Awesome Oscillator
          • Accelerator Oscillator
          • %R Larry Williams
          • Momentum
          • Rate of Change
          • Commodity Channel Index
        • Moving averages
          • Exponential Moving Average
          • Simple moving average
        • Volatility
          • Average True Range
          • Standard deviation
        • Trend
          • ZigZag
      • Drawing tools
      • Volume analysis tools
        • Cluster chart
        • Volume profiles
        • Time statistics
        • Time histogram
        • Historical Time & Sales
      • Power Trades
      • VWAP
    • Watchlist
    • Time & Sales
    • Price Statistic
    • DOM Surface
    • Order Flow Surface
    • Option Analytics
    • TPO Profile Chart
  • Trading panels
    • Order Entry
      • Order Types
    • DOM Trader
    • Market depth
    • Trading simulator
    • History Player
    • FX Cell
  • Portfolio panels
    • Positions
    • Working Orders
    • Trades
    • Orders History
    • Synthetic Symbols
    • Historical Symbols
  • Information panels
    • Account info
    • Symbol Info
    • Currencies Exposure
    • Event Log
    • RSS
    • Reports
  • Miscellaneous
    • History Exporter
    • Symbol Mapping Manager
    • Market heat map
    • Stat matrix
    • Exchange times
    • Quote Board
    • Browser
    • Excel and RTD function
  • Quantower Algo
    • Introduction
    • Install for Visual Studio
    • Simple Indicator
    • Input Parameters
    • Built-In indicators access
    • Indicator with custom painting (GDI)
    • Using markers with indicators
    • Adding a custom indicator to Watchlist
    • Downloading history
    • Simple strategy
    • Access to trading portfolio
    • Trading operations
    • Example: Simple Moving Average
Powered by GitBook
On this page
  • What is Synthetic Symbols
  • How to Create a Custom Spread in Quantower?

Was this helpful?

  1. Portfolio panels

Synthetic Symbols

PreviousOrders HistoryNextHistorical Symbols

Last updated 5 years ago

Was this helpful?

What is Synthetic Symbols

Synthetic Symbols panel allows to create any non-standard instruments (symbols) or spreads that you can both trade and use as an indicator of the current market situation or market divergences.

Spread trading is a strategy that simultaneously creates a long and short position for different assets, in order to reduce the risk of the entire portfolio. Each side of the spread is called a "Leg", which is necessary to set the weighting factor for, i.e. the number of contracts for buy or sell. A market-neutral position, which does not depend on whether the market will go up or down is obtained with a proper selection of these coefficients.

How to Create a Custom Spread in Quantower?

For example, let's build a spread between different brokers within the same asset and see if there is a difference in prices. This is a classic example of Broker arbitrage.

  • Open the Synthetic Symbols panel and click "Create Synthetic".

  • Set the name for your spread and select a trading instrument.

  • Click "Add Leg" to add another instrument. You can add an unlimited number of instruments by creating new "legs"

  • Set the coefficients for each leg. In our example, we buy 1 lot of AUD/USD from the LMAX broker and sell 1 lot of AUD/USD from the OANDA broker.

  • Click the "Save" button to calculate the received spread.

  • Open the Chart panel and select your spread from the list of instruments.

General view of Synthetic Symbols in Quantower platform
Spread between different brokers within the same asset — AUD/USD
Spread between WTI and Brent Crude Oil