Market / MetaTrader 5 / Indicators /

IQ FX Correlation Matrix

49 USD

Demo downloaded: 5

Published: 11 February 2024

Current version: 1.0

IQ FX Correlation Matrix

Indicators
INTRAQUOTES
Version: 1.0
Activations: 5

Exclusive Limited Time Offer! Grab this powerful indicator for a lifetime at just $49.

Note: It is requested that purchases must be refrained from if the buyer is from India, Bangladesh, or Pakistan, as developer support for these regions is unavailable due to legal restrictions.

Discover the power of precise decision-making with our revolutionary product, FX Correlation Matrix. This indicator is your key to understanding multiple FX currency pairs' positive and negative correlations at a glance, providing valuable insights to elevate your trading strategies.

Indicator Features:

Multiple-Frame Multi-Currency Dashboard:

Displays multiple currency pairs positive and negative correlation percentages. Highlights the most positive and negative correlation percentages.

5 PC Activation for Multiple Brokers:

Enjoy the flexibility of using the Correlation Matrix on up to 5 different PCs across various brokers, ensuring seamless integration with your preferred trading platforms.

Eye-Pleasing Aesthetic Design:

Immerse yourself in a visually appealing dashboard that not only delivers crucial information but also enhances your overall trading environment.

User Convenience:

Experience ease of use with the ability to drag, move, and minimize the dashboard effortlessly. Change symbols and timeframes directly from convenient drop-down lists.

Adaptable Dashboard Sizes:

Tailor the dashboard to your preferences with multiple size options, ensuring compatibility with various monitor sizes, including HD and 4K monitors.

Indicator Settings:

Correlation Period: 20 (Default)

Size of Dashboard:

Standard (Default)
Large
HD
4K

Indicator Strategy:

Indicator shows how currencies are related.

Positive currency correlation means two currencies move in the same direction. For example, if EURUSD and GBPUSD have 80% positive correlation, and EURUSD goes down, GBPUSD also goes down like EURUSD 80% of the time.

Negative currency correlation means two currencies move in opposite directions. For example, if EURUSD and USDJPY have 80% negative correlation, and EURUSD goes up, USDJPY goes down 80% of the time.

Indicator Troubleshooting:

Loading data correctly on Indicator:

Load all desired symbols in your market watch before applying the indicator.

Ensure MetaTrader historical data is loaded for the chosen symbols in the chart.

If encountering "Data not synchronized" issues, allow 5-10 minutes for your terminal to load, ensuring a seamless experience.

How to Do a Visual Backtest with Our Indicator:

Step 1: Download the entire history center database first. Press shortcut key F2 to access the History Center.

Step 2: Click on the download button.

Step 3: After the download completes, close, and restart the metatrader.

Possible Issues with Backtesting:

Problem 1:

You see a message that says "Waiting for update" on the chart while backtesting.

Solution:

This means that you don't have enough data or poor internet connection. To avoid this, make sure you download the full History Center data as explained above.

Problem 2:

Metatrader freezes during backtest.

Solution:

This also happens because of insufficient data or bad internet connection. Fix internet connection before starting and follow the steps again.

'Data loading' showing on indicator during slow internet or on weekend:

Since MetaTrader 5 does not require a data center for historical data downloads, the indicator sometimes requires manual data retrieval by opening the chart for a specific symbol.

The FX currency correlation matrix indicator displays information for the first 5 symbols in the market watch. It focuses on a 1-hour period. To load data on MetaTrader 5, open hourly charts for the initial 5 market watch symbols. Typically, during active market hours and with a stable internet connection, the indicator updates automatically. However, if automatic updating doesn't occur, you can open charts for those symbols to load the data into the indicator.

For metatrader 5 only:

If you're using MetaTrader 5, you might encounter a common issue where the indicator gets minimized when moving to the next chart. To address this:

Minimize the indicator dashboard.
Click on the next chart.

Alternatively:

Remove the indicator from the chart.
Restart MetaTrader.
Ensure MetaTrader 5 is updated to the latest version.

If the problem persists:

Add the dashboard to the chart.
Press F8 to access chart properties.
Tick the chart foreground and click ok.
Go back to chart properties, untick the chart in the foreground, and continue using it.

For any other issues:

If you encounter any other issues, feel free to contact us here or send us a message on our profile, or comment here.

Risk Disclosure:

Our indicator doesn't guarantee future profits or losses. Trade responsibly, understanding that IntraQuotes or program developer is not liable for any incurred losses or the precision of signals. Our product serves as visual guidance, adding value to informed trading decisions.

Related to:

Trend analysis, multiple timeframe trend analysis, candlestick charts, bar chart, trend dashboard, scalping, day trading, position trading, swing trading, trade following, trend riding, indicator, trend following, trend reversal, MetaTrader software, currency pairs, market analysis, chart window, mobile alert, trading strategy, multiple timeframe, dashboard, 4K monitors, currency correlation dashboard.

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Enhance your trading precision with our revolutionary product, Trade Time Master Pro. This indicator provides unique insights into the duration of your active trades, offering a comprehensive view of their time in Days, Hours, Minutes, and Seconds. Note: It is requested that download must be refrained from if the user is from India, Bangladesh, or Pakistan, as developer support for these regions is unavailable due to legal restrictions. Indicator Features: Time Display: Indicator shows first

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Exclusive Limited Time Offer! Grab this useful indicator for a lifetime at just $49. Note: It is requested that purchases must be refrained from if the buyer is from India, Bangladesh, or Pakistan, as developer support for these regions is unavailable due to legal restrictions. Enhance your trading experience with this amazing Metatrader indicator that tracks your live trade status. The indicator displays live take profit, stop loss & trailed stop loss, or trailed profit value with the best das

49 USD

Exclusive Limited Time Offer! Grab this powerful indicator for a lifetime at just $49. Note: It is requested that purchases must be refrained from if the buyer is from India, Bangladesh, or Pakistan, as developer support for these regions is unavailable due to legal restrictions. Open the power of precise decision-making with our revolutionary product, FX Correlation Matrix. This indicator is your key to understanding multiple FX currency pairs' positive and negative correlations at a glance, p

49 USD

Exclusive Limited Time Offer! Grab this useful indicator for a lifetime at just $45. Note: It is requested that purchases must be refrained from if the buyer is from India, Bangladesh, or Pakistan, as developer support for these regions is unavailable due to legal restrictions. Elevate your trading experience with the IQ RSI Dashboard Indicator, your go-to tool for monitoring RSI value and Overbought, and Oversold signals across 5 currency pairs and 4 different timeframes. Indicator Features:

45 USD

49 USD

Exclusive Limited Time Offer! Grab this useful indicator for a lifetime at just $49. Note: It is requested that purchases must be refrained from if the buyer is from India, Bangladesh, or Pakistan, as developer support for these regions is unavailable due to legal restrictions. Enhance your trading experience with this amazing Metatrader indicator that tracks your live trade status. The indicator displays live take profit, stop loss & trailed stop loss, or trailed profit value with the best d

49 USD

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