Indicators: Unity

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Unity:

Multi-asset cluster indicator taking all currencies as a sum of squares forming market unity (1.0)

Unity

Author: Stanislav Korotky

Unity
Unity
  • www.mql5.com
In the essence its work is described by the following algorithm. Consider it on the minimalistic example with one currency pair (EURUSD) and gold (XAUUSD). At every moment, the market state (that is current prices, or open prices of the bars) is expressed by obvious formulae: where variables EUR, USD, XAU are pure "values" of the assets, and...
 
An extended and improved version of this indicator is published as Unity Pro. New features added (such as moving averaging, detection of dynamically adjusted ranges of the market (based on standard deviation), momentum coefficient, etc.), calculations are accelerated.
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