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KT Currency Strength and Correlation MT5

If you trade Forex, having detailed information about the currency strength and currency pairs correlation can take your trading to new heights. The correlation will help to cut your risk in half, and strength analysis will help to maximize the profits.

This indicator provides a hybrid approach for selecting the most appropriate currency pairs using the strength analysis and currency pairs correlation.


How to use the Currency Strength Analysis

Suppose your trading strategy provides a buying opportunity on AUD/JPY and using the KT Currency strength analysis you find that the JPY is going stronger than AUD. It is likely that the trade will end in a loss. When you have this indicator, you'll able to avoid such losses easily.


How to use the Currency Pair Correlation

Suppose your trading strategy provides a selling opportunity on NZD/USD and GBP/JPY at the same time. Using the KT Currency pair correlation, you find that the correlation percentage between these two pairs is at 77%. 

As these pairs are strongly correlated, trading them together will only double your risk. If you get a loss on NZD/USD, it is very likely that the trade on GBP/JPY will also end as a loss.


Features

  • Quickly find the strongest and weakest currency to verify the trade opportunity generated by your trading strategy.
  • Cut your risk by half or even one-third by avoid trading the strongly correlated currency pairs.
  • Receive alerts when a currency become the strongest or weakest among the currency basket.
  • Analyze the strength report using a currency pyramid which arranges them in order of strongest to weakest currency.


Currency Strength Analysis in Detail

Currency Strength analysis helps to find out the strength and weakness of currencies using a mathematical computation. Currency strength is calculated using the US Dollar Index, which works as a reference for other currency indexes.

It is based on a methodology that to successfully trading the Forex market, we should buy the strongest currency and sell the weakest currency

With a tool like this, you can monitor and see the whole currency flow across the Forex Market on a single chart.


- Choosing the Best Currency Pair

Suppose your trading strategy provides a buying opportunity GBP/JPY and EUR/JPY. As both of the pairs are strongly positively correlated, trading them both would only double the risk.

Using the currency strength pyramid, you can find out which is the strongest currency out of GBP and EUR. If GBP is stronger than EUR, you should choose the GBP/JPY, or if EUR is stronger than GBP, you should pick the EUR/JPY.


- Avoiding the Flat Market

Suppose your trading strategy provides a buying opportunity on AUD/JPY. You find the Australian Dollar and Japanese Yen arranged adjacently in the currency strength pyramid.

It reflects a situation in which both of the currencies are either strongest or weakest at the same time. Having both the tendencies together will end up as a sideways market.


Currency Pairs Correlation in Detail

Generally speaking, correlation is a statistical method to measure the relationship between two trading assets. Currency Correlation shows an extent to which two currency pairs move in the same, opposite, or random within a particular period.

  • A correlation of +1 is known as the perfect positive correlation. It means that the two currency pairs will move in the same direction 100% of the time, such as EUR/USD and GBP/USD.
  • A correlation of -1 is known as the perfect negative correlation. It means that the two currency pairs will move in the opposite direction 100% of the time, such as EUR/USD and USD/CHF.
  • A correlation of 0 means the relationship between two currency pairs is random. Their price movement is not related to each other.

- Positive Correlation Strength

  • Weak Positive Correlation (10% to 40%) = Tradable 
  • Medium Positive Correlation (40% to 60%) = Trade with caution
  • Strong Positive Correlation (60% to 100%) = Never Trade

- Negative Correlation Strength

  • Weak Negative Correlation (-10% to -40%) = Tradable
  • Medium Negative Correlation (-40% to -60%) = Trade with caution
  • Strong Negative Correlation (-60% to -100%) = Never Trade

"Please note this tool does not offer a trading strategy itself. It works as a separate tool which helps to validate a trade."
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Die beste Lösung für jeden Newbie oder Expert Trader! Dieser Indikator ist ein einzigartiges, qualitativ hochwertiges und erschwingliches Trading-Tool, da wir eine Reihe von proprietären Funktionen und eine neue Formel integriert haben. Mit nur EINEM Chart können Sie die Währungsstärke für 28 Forex-Paare ablesen! Stellen Sie sich vor, wie sich Ihr Handel verbessern wird, weil Sie in der Lage sind, den genauen Auslösungspunkt eines neuen Trends oder einer Scalping-Gelegenheit zu erkennen. Be
128 USD
Der Forex TPA Indikator deckt die wahren Aktionen der Marktmacher auf, immer dann wenn sie passieren. "Kämpfe nicht gegen die Marktmacher an, sondern folge ihnen", ist wohl der beste Rat, den ein Trader bekommen kann. Der TPA Indikator zeigt jedesmal seine Signale an wenn die Bullen definitiv stärker sind als die Bären und umgekehrt. Dieser Indikator wurde VON Tradern FÜR Trader gemacht und ist 100% NICHT NACHZEICHNEND! Signale werden STRENG am Schluss einer Kerze  generiert. Das sagen unsere Ku
168 USD
Big promotion! , prices are now on discount , get your copy now  The   Rubdfx Price Tracker   that is used to show price price bound , the price almost never goes out of the channel and most of the time price will react when it touches the channel limits .It determines the best highest and lowest prices at which you can sell and buy respectively Suitable for scalping & swing trading It Draws arrows that appear after a candle close , The arrows indicate bullish or bearish pressure For bearish an
259 USD
Weis Wave with Alert MT5
Panagiotis Diamantopoulos
4.92 (13)
20% Off from 499$ to 399$, offer end 31/3/2023    https://youtu.be/RjSSW0byp-I ** NEW PLUTUS SIGNALS and ALL IN ONE ** Wychoff's UpThrust + Spring, Fake Breaks and Plutus  trading signals added (for more info visit    http://www.tradethevolumewaves.com  ) (for more info visit    http://www.tradethevolumewaves.com )   Different Wave Types,  choose what your cumulative Histogram diplays: Volume, Pips, Progressive Volume Rate, Time or Emphasized Volume Waves  ** IF YOU PURCHASE DO NOT FORGET TO CO
399 USD
Dies ist wahrscheinlich der vollständigste Indikator für die automatische Erkennung der harmonischen Preisbildung, den Sie für die MetaTrader-Plattform finden können. Es erkennt 19 verschiedene Muster, nimmt Fibonacci-Projektionen genauso ernst wie Sie, zeigt die potenzielle Umkehrzone (PRZ) an und findet geeignete Stop-Loss- und Take-Profit-Werte. [ Installationsanleitung | Update-Anleitung | Fehlerbehebung | FAQ | Alle Produkte ] Es erkennt 19 verschiedene harmonische Preisbildungen Dar
149 USD
Dieser Indikator ist ein perfekter automatischer Wellenanalyse-Indikator für den praktischen Handel! Die standardisierte Definition des Bandes ist nicht mehr eine Welle von verschiedenen Leuten, und das Ziehen von menschengemachten Interferenzen wird eliminiert, was eine Schlüsselrolle bei der gründlichen Analyse des Ansatzes spielt. =>Increase the choice of international style mode, (red fall green rise style)           Derzeit Kaufrabatt!   Inhalt des Index: 1.       Grundwelle:   Zue
188 USD
MetaBands M5
Vahidreza Heidar Gholami
5 (1)
MetaBands uses powerful and unique algorithms to draw channels and detect trends so that it can provide traders with potential points for entering and exiting trades. It’s a channel indicator plus a powerful trend indicator. It includes different types of channels which can be merged by the user to create new channels simply by using the input parameters. MetaBands uses all types of alerts to notify the user about market events. Features Supports most of the channel algorithms Powerful trend det
129 USD
The Volume by Price Indicator for MetaTrader 5 features Volume Profile and Market Profile TPO (Time Price Opportunity). Get valuable insights out of currencies, equities and commodities data. Gain an edge trading financial markets. Highest quality real-time and historical price data distributions. Versatile range selection methods. Drag and drop with time/price option. Unlimited segmentation. Session filtering with built-in presets for New York, London, Tokyo, Sydney and São Paulo. Composites w
149.95 USD
Mega Spikes Max
Niccyril Chirindo
The best Tool to Catch Boom and Crash Spikes like a Pro!!! You want to become a constantly Boom and Crash Trader This is an advanced indicator used to catch Boom and Crash Indices spikes beforehand. It alerts on high probability entries with an amazing success rate. We recommend using a Virtual Private Server for receiving 24/7 notifications via email or phone How to trade with Mega Spikes Max 1.7 ? When arrow is displayed on the chart wait for audible alert or push notification to be sen
130 USD
Weitere Produkte dieses Autors
Use of support and resistance in systematic trading is very subjective. Every trader has their own idea and way to plotting the support and resistance levels on the chart. KT Support and Resistance indicator take out this ambiguity out of the situation and automatically draws support and resistance levels following an algorithmic approach using a unique multi-timeframe analysis. When launched on the chart, It immediately scan the most significant extreme points across all the available timefr
120 USD
ACB Breakout Arrows MT5
KEENBASE SOFTWARE SOLUTIONS
5 (1)
The ACB Breakout Arrows indicator provides a crucial entry signal in the market by detecting a special breakout pattern. The indicator constantly scans the chart for a settling momentum in one direction and provide the accurate entry signal right before the major move. Get multi-symbol and multi-timeframe scanner from here - Scanner for ACB Breakout Arrows MT 5 Key features Stoploss   and Take Profit levels are provided by the indicator. Comes with a MTF Scanner dashboard which tracks the br
180 USD
KT Heiken Ashi Smoothed MT5
KEENBASE SOFTWARE SOLUTIONS
KT Heiken Ashi Smoothed is a smoothed version of the standard Heiken Ashi. Moreover, it also plots buy/sell arrows on a trend change. A buy arrow is plotted when it change to a bullish state from bearish state. A sell arrow is plotted when it change to a bearish state from bullish state. Mobile notifications, Email, Sound and Pop-up alerts included. What exactly is Heiken Ashi Smoothed? It filters out the false signals and noise in the standard Heiken Ashi. It applies the set of two moving a
30 USD
KT Pin Bar MT5
KEENBASE SOFTWARE SOLUTIONS
KT Pin Bar identifies the pin bar formation which is a type of price action pattern which depicts a sign of reversal or rejection of the trend. When combined with support and resistance, BRN and other significant levels, Pin Bar pattern proved to be a very strong sign of reversal. Basically, a pin bar is characterized by a small body relative to the bar length which is closed either in upper or lower 50% part of its length. They have very large wicks and small candle body. A pin bar candlest
30 USD
KT Stoch Divergence MT5
KEENBASE SOFTWARE SOLUTIONS
Divergence is one of the vital signals that depicts the upcoming price reversal in the market. KT Stoch Divergence shows the regular and hidden divergences build between the price and stochastic oscillator. Limitations of KT Stoch Divergence Using the Stochastic divergence as a standalone entry signal can be risky. Every divergence can't be interpreted as a strong reversal signal. For better results, try to combine it with price action and trend direction. Features Marks regular and hidde
30 USD
KT Momentum Arrows MT5
KEENBASE SOFTWARE SOLUTIONS
5 (3)
KT Momentum Arrows Indicator is based on a momentary breakout which is calculated using the bands deviation and emerging volatility in a certain direction. A buy signal is generated when the price closes above the upper band and a sell signal is generated when the price closes below the lower band. A magnitude coefficient is used as the input which affects the band deviation and volatility at the same time. The coefficient value should be carefully selected and analyzed based on the instrument a
80 USD
KT Heiken Ashi Smoothed MT4
KEENBASE SOFTWARE SOLUTIONS
KT Heiken Ashi Smoothed is a smoothed version of the standard Heiken Ashi. Moreover, it also plots buy/sell arrows on a trend change. A buy arrow is plotted when it change to a bullish state from bearish state. A sell arrow is plotted when it change to a bearish state from bullish state. Mobile notifications, Email, Sound and Pop-up alerts included. What exactly is Heiken Ashi Smoothed? It filters out the false signals and noise in the standard Heiken Ashi. It applies the set of two moving a
30 USD
KT Stoch Divergence MT4
KEENBASE SOFTWARE SOLUTIONS
Divergence is one of the vital signals that depicts the upcoming price reversal in the market. KT Stoch Divergence shows the regular and hidden divergences build between the price and stochastic oscillator. Limitations of KT Stoch Divergence Using the Stochastic divergence as a standalone entry signal can be risky. Every divergence can't be interpreted as a strong reversal signal. For better results, try to combine it with price action and trend direction. Features Marks regular and hidde
30 USD
ACB Trade Filter MT5
KEENBASE SOFTWARE SOLUTIONS
ACB Trade Filter indicator provides a way to filtering out the low probability trading entries in a trading strategy. The indicator uses a sophisticated filtration algorithm based on the market sentiment and trend. The MT4 version of the same indicator is available here ACB Trade Filter MT4 Applications Works great with our indicator ACB Breakout Arrows MT5 Filter out low probability signals from any indicator. Avoid over-trading and minimize the losses. Trade in the direction of market sentim
60 USD
KT Trend Magic MT5
KEENBASE SOFTWARE SOLUTIONS
KT Trend Magic shows the trend depiction on chart using the combination of market momentum and volatility. A smoothing coefficient is used to smooth out the noise from the signal.It can be used to find out the new entries or confirm the trades produced by other EA or indicator. Features Drag n drop MTF scanner which scans for the new signals across multiple time-frames. Find new entries in the trend direction. Improve the accuracy of other indicators when used in conjunction. Can be used as a
30 USD
KT MA Crossover MT5
KEENBASE SOFTWARE SOLUTIONS
KT MA Crossover draws the buy and sell arrows based on the crossover of chosen moving averages. Moreover, it also generates the appropriate alerts and displays the MFE (Most Favorable Excursion) for each successive signal. The moving average crossover is one of the primary strategies followed by traders around the world. Usually, it consists of a fast and slow moving average to find a buy and sell entry signal according to the crossover direction. Buy signal - when fast MA crosses above the slo
30 USD
KT CCI Divergence MT4
KEENBASE SOFTWARE SOLUTIONS
KT CCI Divergence shows the regular and hidden divergence created between the price and CCI oscillator. Divergence is one of the vital signals that depicts the upcoming price reversal in the market. Manually spotting the divergence between price and CCI can be a hectic and ambiguous task. Limitations of KT CCI Divergence   Using the CCI divergence as a standalone entry signal can be risky. Every divergence can't be interpreted as a strong reversal signal. For better results, try to combine it
30 USD
KT CCI Divergence MT5
KEENBASE SOFTWARE SOLUTIONS
KT CCI Divergence shows the regular and hidden divergence created between the price and CCI oscillator. Divergence is one of the vital signals that depicts the upcoming price reversal in the market. Manually spotting the divergence between price and CCI can be a hectic and ambiguous task. Limitations of KT CCI Divergence   Using the CCI divergence as a standalone entry signal can be risky. Every divergence can't be interpreted as a strong reversal signal. For better results, try to combine it
30 USD
ACB Breakout Arrows
KEENBASE SOFTWARE SOLUTIONS
4.17 (35)
The ACB Breakout Arrows indicator provides a crucial entry signal in the market by detecting a special breakout pattern. The indicator constantly scans the chart for a settling momentum in one direction and provide the accurate entry signal right before the major move.  Get multi-symbol and multi-timeframe scanner from here - Scanner for ACB Breakout Arrows MT4 Key features Stoploss and Take Profit levels are provided by the indicator. Comes with a MTF Scanner dashboard which tracks the brea
180 USD
ACB Trade Filter MT4
KEENBASE SOFTWARE SOLUTIONS
5 (2)
The ACB Trade Filter indicator provides a solution for filtering out the low probability trading setups in a trading strategy. The indicator uses a sophisticated filtration algorithm based on the market sentiment and trend. Applications Works great with our indicator " ACB Breakout Arrows ". Filter out low probability signals from any indicator. Avoid overtrading and minimize the losses. Trade in the direction of market sentiment and trend. Avoid the choppiness in the market. How to use Only
60 USD
KT Momentum Arrows
KEENBASE SOFTWARE SOLUTIONS
KT Momentum Arrows Indicator is based on a momentary breakout which is calculated using the bands deviation and emerging volatility in a certain direction. A buy signal is generated when the price close above the upper band and a sell signal is generated when the price close below the lower band. A magnitude coefficient is used as the input which affects the band deviation and volatility at the same time. The coefficient value should be carefully selected and analyzed based on the instrument and
80 USD
KT COG Advanced MT4
KEENBASE SOFTWARE SOLUTIONS
1 (1)
KT COG is an advanced implementation of the center of gravity indicator presented by John F. Ehlers in the May 2002 edition of Technical Analysis of Stocks & Commodities magazine. It's a leading indicator which can be used to identify the potential reversal points with the minimum lag. The COG oscillator catches the price swings quite effectively. MT5 version of the same indicator is available here KT COG Advanced MT5 Calculation of COG The COG indicator is consist of the two lines. The mai
30 USD
KT Pin Bar
KEENBASE SOFTWARE SOLUTIONS
KT Pin Bar identifies the pin bar formation which is a type of price action pattern which depicts a sign of reversal or rejection of the trend. When combined with support and resistance, BRN and other significant levels, Pin Bar pattern proved to be a very strong sign of reversal. Basically, a pin bar is characterized by a small body relative to the bar length which is closed either in upper or lower 50% part of its length. They have very large wicks and small candle body. A pin bar candlest
30 USD
KT Trend Magic
KEENBASE SOFTWARE SOLUTIONS
KT Trend Magic shows the trend depiction on chart using the combination of market momentum and volatility. A smoothing coefficient is used to smooth out the noise from the signal.It can be used to find out the new entries or confirm the trades produced by other EA/Indicators. Usage Drag n drop MTF scanner which scans for the new signals across multiple time-frames. Find new entries in the trend direction. Improve the accuracy of other indicators when used in conjunction. Can be used as a dyna
30 USD
KT Auto Fibo
KEENBASE SOFTWARE SOLUTIONS
KT Auto Fibo draws Fibonacci retracement levels based on the ongoing trend direction. The Highs and Lows are automatically selected using the Maximum and Minimum points available on the chart. You can zoom in/out and scroll to adjust the Fibonacci levels accordingly. Modes Auto:  It draws the Fibonacci levels automatically based on the chart area. Manual: It draws the Fibonacci levels only one time. After that, you can change the anchor points manually. Usage: Helps to predict the future pr
30 USD
KT Psar Arrows
KEENBASE SOFTWARE SOLUTIONS
KT Psar Arrows plots the arrows on chart using the standard Parabolic SAR indicator. A bullish arrow is plotted when the candle's high touch the SAR. A bearish arrow is plotted when the candle's low touch the SAR. The signals are generated in the real-time without waiting for the bar close.  Features A beneficial tool for traders who want to experiment with the trading strategies that include the use of Parabolic Sar indicator.  Can be used to find turning points in the market. Use custom PSA
30 USD
KT Ichimoku Trader
KEENBASE SOFTWARE SOLUTIONS
1 (1)
KT Ichimoku Trader is a fully automated expert advisor that offers five popular trading strategies based on the Ichimoku indicator. Each strategy has it's own entry and exit method without any interference to other strategies. The Ichimoku system can be applied to all major currency pairs and metals. However, we found that it performs reasonably well mainly on two pairs.   MT5 Version is available here  https://www.mql5.com/en/market/product/35043 Features Trade up to 5 famous trading strate
80 USD
KT Volatility Oscillator
KEENBASE SOFTWARE SOLUTIONS
KT Volatility oscillator analyze the past and current market data with a mathematical formula to display the result in a form of an oscillator. The growing and deteriorating waves are equivalent to high and low volatility in the asset.  In a nutshell, volatility is simply a measurement of the price fluctuation of an asset over a certain period of time. Without volatility, there would not much movement in the market and traders would not be able to profit from the price movements. Use of Volati
30 USD
KT COG Robot
KEENBASE SOFTWARE SOLUTIONS
KT COG Robot is a fully automated Expert Advisor based on the KT COG Indicator . The COG indicator was originally presented by John F. Ehlers in the May 2002 edition of Technical Analysis of Stocks & Commodities magazine. The EA fires a long trade when COG line cross above the signal line and a short trade is fired when the COG line cross below the signal line.  Adaptive Filtration Our adaptive filtration algorithm combines the original COG formula with the major trend direction and market ac
60 USD
ACB Breakout Arrows EA
KEENBASE SOFTWARE SOLUTIONS
This is a 100% automated expert advisor based on our custom indicator named "ACB Breakout Arrows" . The entries are based on a breakout pattern that constantly occurs in a bi-directional manner. The intensity of entry signals can be manipulated using the external input called "Signal Sensitivity". MT5 Version is available here  https://www.mql5.com/en/market/product/35785 Trades Confirmation ACB Breakout Arrows EA provides an ability to filter the entries using our another custom indicator n
180 USD
KT Asian Breakout
KEENBASE SOFTWARE SOLUTIONS
KT Asian Breakout carefully analyzes the range-bound market during the Asian session and then fires a long or short trade after doing some preassessment based on its inbuilt technical analysis module. The executed orders are closed within a day before the completion of the next day session. The inbuilt technical analysis module checks for the session range and compares it with the last 20 days price movement. If it finds any erratic price movement within the session, the orders are not execute
140 USD
KT London Breakout
KEENBASE SOFTWARE SOLUTIONS
First thirty minutes are essential for a trading session. The early reaction of traders and market players sets a path for the rest of the day. KT London Breakout EA takes advantage of this phenomenon, and after analyzing the first thirty minutes of London session, it places two bidirectional pending orders. One of pending order is eventually canceled after realizing the market direction with certainty. It has been strictly tested and developed for EUR/JPY using 30-Min Time Frame. You can ex
100 USD
Use of support and resistance in systematic trading is very subjective. Every trader has their own idea and way to plotting the support and resistance levels on the chart. KT Support and Resistance indicator take out this ambiguity out of the situation and automatically draws support and resistance levels following an algorithmic approach using a unique multi-timeframe analysis. When launched on the chart, It immediately scan the most significant extreme points across all the available timefr
120 USD
If you trade Forex, having detailed information about the currency strength and currency pairs correlation can take your trading to new heights. The correlation will help to cut your risk in half, and strength analysis will help to maximize the profits. This indicator provides a hybrid approach for selecting the most appropriate currency pairs using the strength analysis and currency pairs correlation. How to use the Currency Strength Analysis Suppose your trading strategy provides a buying o
120 USD
MACD Divergence Seeker
KEENBASE SOFTWARE SOLUTIONS
KT MACD Divergence Seeker trades the regular and hidden divergence signals generated by our free indicator named KT MACD Divergence indicator. Trading the standalone divergences can be a risky affair that's why the KT MACD Divergence Seeker combines the standard divergence signals with an advanced analysis module to exploit the price inefficiencies on some FX pairs. What is the Divergence exactly? As a general conception if the price is making higher highs, then macd should also be making
90 USD
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Version 1.2 2020.02.19
- Added an ability to insert the broker's suffix.
- Bugs squashing.