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Correlation Index Pro

Correlation value between two Symbols.

  • A value of +1 means a complete positive correlation;
  • A value of -1 means a complete inverse correlation;
  • A value of 0 means there is no explicit correlation (prices do not depend on each other, or the correlation is random);

    My #1 Utility: includes 65+ functions  |  Contact me if you have any questions

    In the settings of the indicator, you can configure:

    • Symbols (currency pairs) to be used in calculations.
      Leave one value empty if you want one of the symbols to always match the chart symbol.
    • The period (the number of bars of the timeframe used) that will be used for the calculation.
    • All styles, sizes and colors are customizable.

      The red line visualizes negative values, and the green line represents positive values.

    The program file must be placed in the "Indicators" directory.

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    Makarii Gubaydullin
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    Makarii Gubaydullin
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