Easy Correlations Indicator

Easy Correlations Indicator

The Easy Correlations Indicator is designed to help traders analyze the relationship between two correlated instruments. By monitoring the distance between their Relative Strength Index (RSI) values, the indicator highlights situations where one instrument has moved significantly further than the other.

This creates potential trading opportunities:

  • Sell the stronger instrument (overstretched RSI)

  • Buy the weaker instrument (lagging RSI)

Because the positions are opened on two correlated instruments, the strategy naturally reduces directional risk by maintaining a hedged position. At the same time, it provides an edge by capturing profits when the instruments tend to return to their typical correlation range.

The Easy Correlations Indicator is particularly effective in markets where pairs of instruments (currencies, commodities, indices, or stocks) usually move together, but occasionally diverge enough to create profitable setups.

👉 You can automate this logic by using our Easy Correlations EA [https://www.mql5.com/en/market/product/108631].


Ioannis Xenos

xignalcoding.com

Disclaimer
Trading financial markets involves risk and may not be suitable for all investors. The Easy Correlations Indicator and Easy Correlations EA are trading tools designed to assist with market analysis and strategy execution. They do not guarantee profits or eliminate risk. Past performance is not indicative of future results. Always test on a demo account before trading with real money, and use proper risk management.



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Meet Master Oscillators, a bot that makes trading simple and flexible! Choose from RSI, CCI, or Stochastic signals and build your own strategy. This bot gives you many tools, like MA filter, dynamic lot sizes, Kelly Criterion calculator, dynamic SL and TP levels, and more. No matter your trading style, Master Oscillators is here for you. It gives you important info, stats, and more, while always keeping your trading safe. If you've ever wanted to build your own trading bot but didn't know how,
Easy Correlations
Ioannis Xenos
5 (4)
Discover the Simplicity of Trading Correlated Symbols with Easy Correlations Have you ever wanted to effortlessly master trading correlated symbols? Meet 'Easy Correlations' - your new best friend in navigating the intricate world of market correlations. Our tool is designed to simplify the complexities of trading, turning a challenging strategy into an accessible and profitable experience. The Concept Made Simple : At its core, 'Easy Correlations' revolves around a straightforward idea. Find
XC Trade Manager
Ioannis Xenos
5 (1)
XC Trade Manager for MT5  Manage Your Trades with Precision and Ease Welcome to XC Trade Manager, the ultimate solution for traders seeking efficient and intuitive trade management on the MT5 platform. Developed by xignalcoding.com, our seventh product in the MQL5 Market lineup, the XC Trade Manager is designed to streamline your trading experience, allowing you to focus on what truly matters—making informed trading decisions. Key Features 1. Orders Tab Effortlessly place and manage your trades
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