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PZ Correlation

In the world of finance, correlation is a statistical measure of how two securities move in relation to each other. Correlations are used in advanced portfolio management. This indicator measures how different securities move in relation to a reference one, thus making portfolio management easier.  [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ]

  • Avoid concurrent trades in highly correlated instruments
  • Find trading opportunities among highly correlated instruments
  • Correlation is positive when two securities rise in price together
  • Correlation is negative when one security increases and the other decreases

The correlation between two securities is measured by a correlation coefficient.

  • A coefficient of zero is neutral correlation
  • A coefficient of 0.3 is low positive correlation
  • A coefficient over 0.8 is high positive correlation
  • A coefficient of -0.3 is low negative correlation
  • A coefficient over -0.8 is high negative correlation
The correlation is calculated against the native symbol of the chart, and the symbols to evaluate are entered as parameters.

    Input Parameters

    • Max History Bars: Amunt of bars to evaluate to the past upon loading.
    • Correlation Period: Amount of bars to use to calculate the correlation.
    • 1st Symbol to 8th Symbol: Enter the symbols to calculate the correlation.

    Support

    I am happy to provide free products but given my limited time, they come without support of any kind. My apologies.

    Author

    Arturo López Pérez, private investor and speculator, software engineer and founder of Point Zero Trading Solutions.

    sunnychow
    8385
    sunnychow 2019.12.29 17:35 
     

    El usuario no ha dejado ningún comentario para su valoración

    Bingcheng Chen
    79
    Bingcheng Chen 2018.07.25 13:57 
     

    还行,主要是看货币之间关联性的强弱,做对冲方法上可以尝试。

    QQ:445114213

    关注我的信号:https://www.mql5.com/zh/signals/530849

    ThaiTrader7
    164
    ThaiTrader7 2014.08.23 20:25 
     

    El usuario no ha dejado ningún comentario para su valoración

    Jeremy Scott
    7369
    Jeremy Scott 2014.07.25 10:49 
     

    El usuario no ha dejado ningún comentario para su valoración