This script analyzes all Market Watch symbols for a specified timeframe. Results are displayed on Experts and a specified file. A .csv file is used for easy review and editing.
Pearson equation is used for calculation.
Pairs' correlation ratio value close to 1 means that pairs are moving in almost completely similar way. If the value is close to -1, the pairs are moving similarly in mirror-like fashion.
This product is useful for those who use hedging based on other pairs' movement.