Fx Correlation Indicator
The indicator provides a quick graphical dashboard to let a trader take a quick decision as to which currency pairs are currently trended and to be traded. All 8 major base pairs are continuously plotted, USD, EUR, GBP, JPY, AUD, NZD, CAD and CHF.
These are plotted using USD as a baseline - for ease of viewing. The indicator is non-redrawable and works in all time frames and values keep continuously updated without having to refresh the chart.
Fx Correlation Indicator helps trader to select the most trended cross currency pair amongst 28 pairs for trading. Trader can then use his usual indicators to confirm entry and exit points – if so desired.
Fx Correlation Indicator provides quick decision to trade any of the 28 major cross currency pairs at a glance by just looking at the plotted graph without cluttering the screen. It’s a great advantage over other correlation Indicators available in the market place i.e., in table format / heat map snapshot / baseline zero % charts - which just provides a snapshot at a point in time.
One can hide any of the 8 base currencies, if the trader trades in fewer currencies.
Get the Edge on your side.