FXC iCorrelatioN Specialized For DAX vs Dow Jones

FXC iCorrelatioN MT4 Indicator (Specialized for DAX - Dow Jones)

The indicator shows the correlation soefficient between two assets. Correlations are useful because they can indicate a predictive relationship that can be exploited in practice.

The correlation coefficient shows the relationship between the two symbols. When the correlation is near 1.0, the symbols are moving togerhet in the same direction. When the correlation is near -1.0, the symbols are moving in opposite direction.

Important: You can not run test in Tester, because this is a multicurrency indicator.

Main features:

  • Multicurrency
  • Developed for DAX - Dow Jones pair
  • Based on Open or Close prices
  • Time synchronization based on M1 data
  • Buy/Sell open signals
  • PUSH notifications
  • E-mail sending
  • Pop-up alert
  • Customizeable Information panel

Tips for using:

  • It is best used for assets that usually move together to the same direction. (The indicator is specialized for DAX - Dow Jones pair.)
  • Suggested timeframes are up-to H4.
  • Always use time synchronization for the right result.
  • Stay open secondary symbol M1 chart when using Time Synchronization. Or stay open secondary symbol chart on the current timeframe at Bars Synchronization.
  • At signals, open position to the indicated direction on the primary symbol. And open reverse position on the secondary symbol.

Input parameters:

  • Secondary Symbol: Specify the secondary symbol.
  • Correlation Period: Period size of the correlation data.
  • Symbol Synchronization:
     - Bars: This procedure synchronizes the data based on candles.
     - Time: This method synchronizes the data based on M1 chart     prices.
  • Correlation Price: You can choose between Close and Open prices.
  • Scale Symbol-2 Data (ON): This function brings the secondary symbol data to the same scale with primary symbol.
  • Scale MA-Power Symbol-1 (auto: 0): Scaling primary symbol MA data fitt to the indicator window.
  • Scale MA-Power Symbol-2 (auto: 0): Scaling secondary symbol MA data fitt to the indicator window.
  • Signal Arrow (ON): Draws arrows to the chart at signals.
  • PUSH Notification (ON): Sends PUSH notifications at signals.
  • E-mail Sending (ON): Sends e-mails at signals.
  • Pop-up Window Alert (ON): Sends pop-up alerts at signals.
  • Signal Min. Correlation Turn: Sets the minimal correlation turn for signals.
  • Signal Min. MA-Difference: Sets the minimal MA-Power difference for signals.
  • Arrow Color Buy: Arrows color for Buy signals.
  • Arrow Color Sell: Arrows color for Sell signals. 
  • Arrow Size (pixel): Arrows size in pixel.
  • Arrow Shift Buy (Low + X pip): With this parameter, you can shift the price of the Buy arrows relative to the Low price.
  • Arrow Shift Sell (High + X pip): With this parameter, you can shift the price of the Sell arrows relative to the High price. 
  • Infopanel (ON): Switch Turns the information panel on or off. 
  • Infopanel Color-1: Color-1 of the information panel.
  • Infopanel Color-2: Color-2 of the information panel.
  • Infopanel Color-3: Color-3 of the information panel. 
  • Infopanel Background (ON): Turns the background of the information panel on or off.
  • Infopanel Background Color: Sets the background color of the information panel.
  • Infopanel Font Size (pixel): Font size of the information panel. Use it when Windows 'Scale and layout' requires.
  • Infopanel Row Size (pixel): Row size of the information panel.

Information Panel:

  • Correlation: Shows the current correlation coefficient. In parentheses there is the difference of the MA-Powers.
  • Period (Bars): Shows the correlation period size. In parentheses, it shows the number of bars in the chart of secondary symbol.
  • S1-US30: 'US30' is the name of the primary symbol. It shows the current Bid price. In parentheses, there is the number of bars in the current chart.
  • S2-GER30: 'GER30' is the name of the secondary symbol. It shows the current Bid price. The color of the first data has to be Lime. This shows proper operation.
  • Scale S1/S2: Scaling variables of the MA-Power data for the primary and secondary symbols.
  • Indicator(1): Shows the name of the indicator. The number in the parentheses represents the subwindow of the indicator.

Buttons:

  • There are three little buttons at the right-upper corner of the information panel.
  • RED button: It removes the indicator from the chart.
  • WHITE button: Do nothing.
  • GREEN button: It turns on or off the information panel.
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Detect Indirection Break Out Signal with high success rate. Introduction to Market Structure Break Out (MSB) , this indicator is an advanced tool designed for both MT4 and MT5 platforms , helping traders view market movement through the lens of price structure. It identifies and highlights key trading signals using arrows and alerts, both in the direction of the trend and against it (reversal signals). One of its standout features is the ability to draw unbroken supply and demand zones , giving
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Special offer : ALL TOOLS , just $35 each! New tools   will be   $30   for the   first week   or the   first 3 purchases !  Trading Tools Channel on MQL5 : Join my MQL5 channel to update the latest news from me Volumatic Support/Resistance Levels Scanner is a support‑and‑resistance indicator that adds volume context to price structure. By showing how trading activity clusters around recent pivots, it helps users see where buying or selling interest has been most active. See more MT5 version at:
Entry Points Pro
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Top indicator for MT4 providing accurate signals to enter a trade without repainting! Watch  the video  (6:22) with an example of processing only one signal that paid off the indicator! It can be applied to any financial assets:  forex, cryptocurrencies, metals, stocks, indices.  MT5 version is here   It will provide pretty accurate trading signals and tell you when it's best to open a trade and close it. Most traders improve their trading results during the first trading week with the help of t
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Black Friday Sale – Limited Time! Grab Hidden Cycles for only $129 (regular price $179 ). This is your chance to boost your strategy with a powerful, easy-to-use cycle-based trading tool. Offer ends soon — don’t miss it! Based on Universal Laws — NOT Some Guy’s Algorithm: Let the market adjust to the Hidden Cycles Geometry — not the other way around. Most indicators are based on a man-made formula. They often lag, fail over time, or need constant re-optimization.  Hidden Cycles is different.
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Adaptive Volatility Range [AVR] is a powerful tool for identifying key trend reversal points. AVR accurately reflects the Average True Range (ATR) of volatility, taking into account the Volume-Weighted Average Price (VWAP). The indicator adapts to any market volatility by calculating the average volatility over a specific period, ensuring a stable rate of profitable trades. You receive not just an indicator but a professional automated trading system , AVR-EA . Advantages: Automated Trading Sys
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Year-End Trading SALE – Save 50% While It Lasts! Best Solution for any Newbie or Expert Trader! This indicator is a unique, high quality and affordable trading tool because we have incorporated a number of proprietary features and a secret formula. With only ONE chart it gives Alerts for all 28 currency pairs. Imagine how your trading will improve because you are able to pinpoint the exact trigger point of a new trend or scalping opportunity! Built on new underlying algorithms it makes it even e
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Szabolcs Erdelyi
35
Szabolcs Erdelyi 2020.10.28 18:17 
 

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C64
34
C64 2020.10.07 10:18 
 

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