CorrelFusion

CorrelFusion - Multi-Symbol Correlation Matrix & Rolling Heatmap

Overview

CorrelFusion is a professional correlation analysis tool for MetaTrader 5 that displays a live correlation matrix for up to 10 symbols simultaneously. It features a unique rolling heatmap that visualizes how correlations evolve over time, helping traders identify diversification opportunities, hedge relationships, and market regime shifts at a glance.

Key Features

Live Correlation Matrix

  • Displays Pearson correlation coefficients for up to 10 symbols in a clean, color-coded grid

  • Visual strength bars show correlation intensity at a glance

  • Positive correlations in green, negative in red, neutral in gray

  • Diagonal elements clearly marked for easy orientation

Rolling Heatmap

  • Tracks correlation history over user-defined bars (up to 200)

  • Smooth color gradient from red (negative) through gray (neutral) to green (positive)

  • Shows how correlations have changed over time, revealing shifting market relationships

  • Customizable symbol pairs for focused analysis

Interactive Interface

  • Click any matrix cell to instantly open a chart of the selected symbol pair

  • Real-time updates on new bars or timer-based refresh

  • Dark and light theme options for comfortable viewing

  • Adjustable panel position, cell size, and header width

Alert System

  • Threshold-based alerts when absolute correlation exceeds user-defined level (default 0.90)

  • Popup alerts and optional push notifications

  • Prevents repeated alerts until correlation drops below threshold

Customizable Display

  • Toggle value display on/off

  • Show or hide strength bars

  • Adjust high/low correlation color thresholds

  • Choose from up to 10 user-defined symbols (including empty slots)

Input Parameters

Symbols

  • Sym1 to Sym10: Define up to 10 symbols to analyze (e.g., EURUSD, GBPUSD, XAUUSD)

Correlation Settings

  • CorrPeriod: Number of bars for correlation calculation (default 20)

  • TF: Timeframe for data (current or custom)

  • UpdateOnTimer: Enable automatic updates

  • TimerSeconds: Update interval when timer is active

Rolling Heatmap

  • ShowHeatmap: Toggle heatmap visibility

  • HeatmapBars: Number of historical bars to display (max 200)

  • HeatmapCellH: Height of each heatmap row

  • HM1A/HM1B to HM3A/HM3B: Symbol pairs for heatmap rows

Panel Position

  • PanelX, PanelY: Screen position

  • CellSize: Matrix cell dimensions

  • HeaderWidth: Row/column header size

Visual Theme

  • DarkMode: Toggle dark/light theme

  • ShowValues: Display correlation numbers in cells

  • ShowStrengthBar: Show intensity bars in cells

  • HighCorrThresh, LowCorrThresh: Color transition thresholds

Alerts

  • EnableAlerts: Activate notification system

  • AlertThreshold: Correlation level that triggers alerts (default 0.90)

  • EnablePushNotif: Send mobile push notifications

How It Works

CorrelFusion calculates Pearson correlation coefficients using log-returns of closing prices. The matrix shows current correlations while the heatmap stores historical values, allowing traders to see how relationships between instruments have evolved over time.

For example, if EURUSD and GBPUSD typically show a strong positive correlation, a sudden drop in their correlation value may indicate a market shift or changing fundamentals.

Use Cases

  • Identify diversification candidates among correlated assets

  • Monitor hedging relationships between currency pairs

  • Detect early signs of market regime changes

  • Visualize inter-market relationships

  • Find assets with stable or shifting correlation structures

System Requirements

  • MetaTrader 5 build 4000 or higher

  • Minimum 2 symbols required (up to 10 supported)

  • Sufficient historical data for selected timeframe and period

Installation

  1. Place CorrelFusion.ex5 in your MT5 Indicators folder

  2. Attach to any chart

  3. Configure symbols and parameters in the Inputs tab

  4. The panel will appear on the chart

Support

For questions, feature requests, or bug reports, please contact the developer through the MQL5 messaging system.

Version History

v2.00 - Initial release

  • Live correlation matrix with color coding

  • Rolling heatmap visualization

  • Click-to-chart functionality

  • Alert system with push notifications

  • Dark/light theme support

Disclaimer: Past correlation does not guarantee future results. This indicator is for informational purposes only and should not be considered trading advice. Always conduct your own analysis before making trading decisions


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Israr Hussain Shah
5 (2)
1. The Multi-Timeframe Dashboard (Top Left) Trend Alignment: The panel scans multiple timeframes simultaneously—from the 1-minute (M1) up to the 4-hour (H4). The "God Mode" Rule: It looks for a consensus across timeframes. When smaller timeframes (M5, M15) align with the larger trend (H1, H4), the indicator prepares to signal an entry in that direction. 2. Signal Arrow Generation Blue Arrows (BUY): These appear at the bottom of a price swing. They trigger when the price hits an oversold exhaust
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Relicus LLC
4.96 (24)
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Temirlan Kdyrkhan
PrimeScalping is a powerful trading companion designed to generate high-probability entry signals with dynamic TP/SL/DP levels based on volatility. Built-in performance tracking shows win/loss stats, PP1/PP2 hits, and success rates — all updated live. Key Features: Buy/Sell signals with adaptive volatility bands Real-time TP/SL/DP levels based on ATR Built-in MA Filter with optional ATR/StdDev volatility Performance stats panel (Success, Profit/Loss, PP1/PP2) Alerts via popup, sound, push, or e
CGE Trading Suite
Carl Gustav Johan Ekstrom
5 (2)
Institutional-Grade Analytics for MT5 One indicator. The full analytical edge of a professional trading desk, built into your MT5 chart. CGE Trading Suite unifies everything a serious trader reads in a market — structure, momentum, timing, and capital flow — into one seamless MT5 workspace. 17 integrated modules act as a single system: ICT sessions and killzones, order-block and liquidity mapping, MIDAS volume curves, automated trend lines and channels, the Economic Confidence Model, and a live
Bonjour à tous les traders ! De nombreux investisseurs individuels utilisent des scripts web lents. Une approche systématique est essentielle pour un trading rentable. L'indicateur Astro AI n'est pas un simple affichage sur un graphique. Il s'agit d'un réseau neuronal sophistiqué composé de deux agents fonctionnant directement dans le terminal. Détails techniques du système : 1. Agent 1 : Analyste (Réseau neuronal graphique – GNN) Le marché n'est pas constitué de barres de prix individuelle
Berma Bands
Muhammad Elbermawi
5 (9)
L'indicateur Berma Bands (BB) est un outil précieux pour les traders qui cherchent à identifier et à capitaliser sur les tendances du marché. En analysant la relation entre le prix et les BB, les traders peuvent déterminer si un marché est dans une phase de tendance ou de range. Visitez le [ Berma Home Blog ] pour en savoir plus. Les bandes de Berma sont composées de trois lignes distinctes : la bande de Berma supérieure, la bande de Berma moyenne et la bande de Berma inférieure. Ces lignes sont
OmniSync Projection
Antonio-alin Teculescu
5 (1)
Chronos Fractal Engine is an innovative price projection indicator for MetaTrader 5, designed to transform your technical analysis by intelligently identifying and projecting historical price patterns. Built upon an advanced correlation algorithm and the fractal principles of the market, this powerful tool visualizes potential future price movements, giving you a unique edge in your trading decisions. What is Chronos Fractal Engine? At its core, the Chronos Fractal Engine employs a sophisticat
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