• Overview
  • Reviews (1)
  • Comments (9)
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PipTick Correlation MT4

PipTick Correlation shows the actual correlation between the selected instruments. The default setting is set to 28 currency pairs, gold and silver, but the indicator can compare any other symbols.


Interpretation of the indicator

  • Positive correlation (corellation is above 80 %)
  • Negative correlation (corellation is below -80 %)
  • Weak or no correlation (corellation is between -80 and 80 %)


Main features

  • The indicator shows actual correlation between the selected instruments
  • Simple comparison of one symbol against another
  • Works on every timeframe (M1, M5, M15, M30, H1, H4, D1, W1, MN)
  • Customizable parameters (Colors, Correlation Period, Symbols...)
  • Very fast calculation
  • Indicator works with prefix and suffix of symbols as well (EURUSD.m, EURUSD-pro...)
  • Available for MT4 and MT5


Input parameters

  • Correlation_Period - Period of correlation calculation
  • Color_Symbol - Color of symbols labels
  • Color_Strong_Positive_Corr - Color of strong positive correlations
  • Color_Strong_Negative_Corr - Color of strong negative correlations
  • Color_Weak_Corr - Color of weak correlations
  • Symbol_1_Name ... Symbol_30_Name - Names of symbols (pairs)
  • Output_1..8 - The output values of correlation calculation. For example Symbol_1_2 means correlation calculation of Symbol_1_Name and Symbol_2_Name

Note

In case of using iCustom function, the Output_1..8 parameters are simply numbers of symbols.

Examples:

Symbol_1_2 as output 1 will be Output_1 = 12

Symbol_7_14 as output 2 will be Output_2 = 714


Outputs parameters

  • PipTick Correlation Output 1..8 - Outputs by input parameters (Output_1..8)

For more information, visit the PipTick Correlation product page.

Reviews 1
Ikechukwu Emmanuel Okaro
913
Ikechukwu Emmanuel Okaro 2015.12.17 19:46 
 

Five stars for excellent customer service! Indicator looks very promising.

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This indicator scans for you up to 30 trading instruments and up to 8 timeframes for occurrences of the high probability reversal patterns: Double Tops/Bottoms with fake breakouts . Please read also the blog post " Professional Trading With Double Tops/Bottoms And Divergences! " which explains the concepts behind the ULTIMATE Double Top/Bottom indicator and how you can use a professional top-down approach. You can get alerts via MetaTrader 4, email and push notifications at the moment when a sig
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Lighthouse
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Daniel Stein
You want to become a constantly profitable 5-star forex trader? 1.  Read the basic description of our simple trading  system   &  and it's major strategy update in 2020   2.   Send a screenshot of your purchase  to get your personal invitation to our exclusive trading chat Lighthouse is an amazing precise and reliable support and resistance indicator. It displays the most important trading levels and draws them according to their relevance. If a level is clearly broken, it changes its rol
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Naked Forex Kangaroo Tail
Naked Forex Kangaroo Tail
Renaud Candel
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Ants Lite Traders ATR
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Guppytraders.com
Ants Lite ATR allows you to enter and manage your trades based on the market volatility, giving you safer entries and better exits. Based on the work by Daryl Guppy. Features Ability to define the bar the Long and Short calculation starts from. Can be used to generate both entry or exit signals. Customizable ATR period and multiplier. GMMA is a tried and tested indicator with a long pedigree. Volatility based entry and exit signal rather than time based. How To Use Simply drag the indicator
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MACD Currency Meter
MACD Currency Meter
Emir Revolledo
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Beast Super Signal
Beast Super Signal
Dustin Vlok
The Beast Super Signal is a simple, and easy to use trend based indicator. It will continuously monitor current price action looking for new trends developing or strong reversals building at extreme price levels, and trends that have reached strong exhaustion level The Beast Super Signal indicator will monitor the current price, and only when all of the internal strategies align, and are in 100% agreement with each other, the indicator will paint a new buy or sell signal arrow on the chart. All
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PipTick CSI PRO MT4
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This is a professional version of our PipTick Currency Strength Indicator. Knowledge of the strength and weakness of each currency is vital for every forex trader. Our currency strength indicator measures strength of eight major currencies (USD, EUR, GBP, CHF, JPY, CAD, AUD, NZD) by using several popular indicators. PipTick CSI PRO shows you in a simple and quick way whether the currency is strong or weak. Furthermore, you can also see when the currency is oversold, overbought or in "normal area
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PipTick Currency Barometer MT4
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PipTick Heiken Ashi MT4
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Michal Jurnik
PipTick Heiken Ashi is our version of Heiken Ashi chart indicator. Unlike competitor products, this indicator offers extensive options for calculating of Heiken Ashi candles. It can be displayed as classic or smoothed version. The indicator can calculate Heiken Ashi with moving average by four methods: SMA - Simple Moving Average SMMA - Smoothed Moving Average EMA - Exponential Moving Average LWMA - Linear Weighted Moving Average Main features The indicator shows Heiken Ashi as classic or smoo
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PipTick Pairs Spread MT4
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Michal Jurnik
PipTick Pairs Spread indicator has been developed for the very popular strategy known as pairs trading, spread trading or statistical arbitrage. This indicator measures the distance (spread) between prices of two directly (positively) correlated instruments and shows the result as a curve with standard deviations. So, any trader can easily identify when the instruments are too far apart and use this information for trade opportunity. How to Use? The best results are obtained when the trade is
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PipTick Bar Timer MT4
PipTick Bar Timer MT4
Michal Jurnik
PipTick Bar Timer indicator displays an advanced bar countdown timer on a chart. This study indicates the remaining time for the last bar on the chart. Main features The indicator shows remaining time for the last bar in the chart Alert notifications for a new bar Works on every timeframe (M1, M5, M15, M30, H1, H4, D1, W1 and MN) Customizable parameters (Colors, Text size, Visibility...) Ideal tool for all kinds of trading (scalpers, intraday traders...) Very fast calculation Available for Met
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PipTick Effort Index MT4
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Michal Jurnik
PipTick Effort Index indicator is based on the work of Karthik Marar, volume spread analysis trader. It compares the change in price (Result) to the size of volume (Effort) for a certain period of time. By comparing the effort and result we can get more information about the future price movement. Both values are normalized and converted to scale of 0-100% based on a selectable look back period. The law of effort and result The law of effort vs. result states that the change in price of a tradin
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PipTick Retracement MT4
PipTick Retracement MT4
Michal Jurnik
PipTick Retracement indicator shows the current and historical values of high, low and mid. Optionally, it can also display an major retracement levels. All these levels together form the significant levels of support and resistance. It is absolutely important to be aware of them for every kind of trader. Levels High Low Midpoint 76.4 % 61.8 % 38.2 % 23.6 % Main features The indicator shows the actual levels of High, Low, Mid and selected retracements Four optional retracement levels Alert n
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Ikechukwu Emmanuel Okaro
913
Ikechukwu Emmanuel Okaro 2015.12.17 19:46 
 

Five stars for excellent customer service! Indicator looks very promising.

Reply to review
Version 1.2 2016.05.18
Customizeable outputs added
Version 1.1 2015.12.17
Prefix, suffix bug fixed