This indicator plots an estimated level of USDRUB rate according to the oil price in rubles to balance the budget. The indicator works at arbitrary timescales. You can change the estimated oil price level in rubles (default value is 3150 rubles/bbl) and the ticker for the oil.
Russian ruble - Brent divergence indicator.
Predicts change of USD/RUB rate according to UKOIL price change
Works only in 1m timescale.
Typically, predicts movements in 1-10 min advance.
The idea is that there is a significant correlation between RUB and OIL (appr. 0,95).
But, sometimes a significant delay in USD/RUB response to UKOIL change happens.
The...
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