Divergence of Correlation

This is an indicator of trading instruments' correlation. It shows the difference of price values of two symbols.

The increase in price divergence and the reduction of price divergence can be seen as signals to transactions. The indicator can be used for hedge strategies.

The indicator sends Alerts and Push-notifications to the mobile app about the crossing of the moving averages of Envelopes.

The indicator has a simple setup. You need to put him in the window of the traded instrument and choose settings:

  • Correlated_Symbol - select the trading instrument, for which the difference of the correlation is to be calculated (symbol name is entered manually).
  • Reverse - switch on inverse correlation.
  • SignalSMA - select a period of the signal simple moving average.
  • Envelopes_Period - selecting the period of signal simple moving averages of Envelopes.
  • Envelopes_Deviation - percentage of moving Envelopes offset from the average value.
  • Alerts_of_crossing_Envelopes - enable notifications.


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BTMM State Engine Pro by G-Labs — Beat The Market Maker indicator for MetaTrader 4. Asian session range, London and New York kill zones, level progression (L1/L2/L3), peak formation detection (PFH/PFL), entry signals, and a multi-pair scanner from one chart. Stop scanning charts one pair at a time. The State Engine tracks the BTMM daily cycle automatically — Asian box, room boundaries, level blocks, peak formations, and filtered entries — while the scanner dashboard shows level, peak status,
Legacy of Gann
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4.83 (12)
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The indicator very accurately determines the levels of the possible end of the trend and profit fixing. The method of determining levels is based on the ideas of W.D.Gann, using an algorithm developed by his follower Kirill Borovsky. Extremely high reliability of reaching levels (according to K. Borovsky  - 80-90%) Indispensable for any trading strategy – every trader needs to determine the exit point from the market! Precisely determines targets on any timeframes and any instruments (forex, met
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The indicator places levels on the chart: day and week high, day and week low. When the price crosses the high's level upwards or the low's level downwards, the indicator beeps and send a notification (Alert and Push-notification on mobile phone ) indicating a direction and an instrument by which crossing has occurred, and also draws arrows. Visual parameters: Day_Width   - daily level width. Days_Alerts - enabling Alerts. Days_Arrows   - enabling drawing arrows. Day_High   - color of daily high
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