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- What's new
Netsrac Correlation Dashboard
The dashboard should help to get a quick overview of the correlations of different assets to each other. For this, the value series are compared according to the Pearson method. The result is the value of the correlation (in percent). With the new single asset mode, you can immediately see which symbols have the highest positive or negative correlation. This prevents you from accidentally taking a risk on your trades with highly correlated symbols.
Display of the indicator
Switch between the new single asset mode and the classic dashboard view
(02) Use hole market watch symbols for single asset mode
If this is set to true, all symbols in your market watch are taken into account of the correlation calculation (only valid in single asset mode)
(03) How many correlated pairs to show
Set how many symbols are to be displayed in single asset mode
A list of underlyings separated by commas. Please note that all selected assets are also marked as active in MT4. Otherwise, the Dashboard will not return values for this UL.
Enter the characters to be prefixed to the symbols configured in option 08
Enter the characters to be suffixed to the symbols configured in option 08
(11) use chart timeframe for calculation
If set to true here, the timeframe of the chart is used for the calculation. This setting is suitable for quick switching between the timeframes.
Configure the dashboard the way you want it to be and how it fits on the screen.
(29) vertical offset
Move the dashboard vertically to another position
(30) horizontal offset
Move the dashboard horizontally to another position
Do you want to show the dashboard/single asset mode in main chart, first or second subwindow
(32) dashboard layout
Set the dashboard layout, if you have trouble to view on small screens
Note: This indicator can not be used in the Strategy Tester. So the demo version here from the market does not work. Please use the free version of the indicator for testing: https://www.mql5.com/de/market/product/33914
- now you can show the dashboard in the first or second subwindow to have a clear chart (a subwindow must be present)
- use prefix and suffix for your symbols list
- the single asset mode can be configured to use the hole market watch list of symbols
- use the Correlation Dashboard for all type of assets (including commodities and stocks)
- display of "time remaining to next calculation"