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Correlation indicator

Correlation indicator is a trading indicator that compares price correlations on up to 8 different instruments simultaneously.

This indicator is designed to be very versatile. It can be used to trade many different strategies from scalping to hedging to simple trend-following based on an average trend direction of multiple currency pairs or it can signal only when all the pairs correlate on the same side of a particular moving average. The indicator automatically applies the same moving average settings on all correlation pairs on the same time frame so the correlations are always relative.

Features

- Correlation up to 8 symbols.
- Individual weight factor for each symbol.
- Option to show/hide individual symbols.
- Filter for correlation levels.

    Settings

    1. MARKET
    1.1 Frequency (timeframe)
    1.2 Symbols (comma separated symbols and weight factors)
    1.3 Comment (indicator shortname)

    2. MA1 (fast moving average)
    2.1 Period (lookback period)
    2.2 Method (averaging method)
    2.3 Price (applied price)

    3. MA2 (medium moving average)
    3.1 Period (lookback period)
    3.2 Method (averaging method)
    3.3 Price (applied price)

    4. MA3 (slow moving average)
    4.1 Period (lookback period)
    4.2 Method (averaging method)
    4.3 Price (applied price)

    5. CMA (combined moving average)
    5.1 Min. down level (minimal down correlation level)
    5.2 Max. down level (maximal down correlation level)
    5.3 Min. up level (minimal up correlation level)
    5.4 Max. up level (maximal up correlation level)


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    The Volume by Price Indicator for MetaTrader 5 features Volume Profile and Market Profile TPO (Time Price Opportunity). Get valuable insights out of currencies, equities and commodities data. Gain an edge trading financial markets. Volume and TPO histogram bar and line charts. Volume Footprint charts. TPO letter and block marker charts including split structures. Versatile segmentation and compositing methods. Static, dynamic and flexible ranges with relative and/or absolute visualizations. Lay
    Innanzitutto, è importante sottolineare che questo sistema di trading è un indicatore non repainting, non redrawing e non lagging, il che lo rende ideale per il trading professionale. Il "Sistema di Trading di Supporto e Resistenza Intelligente" è un indicatore avanzato progettato per trader nuovi ed esperti. Permette ai trader di ottenere precisione e fiducia sul mercato forex. Questo sistema completo combina più di 7 strategie, 10 indicatori e varie approcci di trading, tra cui strategie di
    TrendDecoder Premium MT5
    Christophe, Pa Trouillas
    5 (1)
    Identificare i range e le prossime mosse probabili     |    Ottenere i primi segnali e la forza delle tendenze     |    Ottenere uscite chiare prima dell'inversione     |    Individuare i livelli di Fibo che il prezzo testerà   |  Indicatore non tracciante e non ritardato - ideale per il trading manuale e automatizzato - adatto a tutti gli asset e a tutte le unità temporali 50% di sconto   - per il lancio poi torna a   >>   149 $ Dopo l'acquisto,   contattatemi su questo canale  per le impostazi
    Malaysian SNR Levels
    Matthias Horst Pieroth
    This indicator can be used to display Support and Resistance levels according to  the  Malaysian SNR concept , in which Support and Resistance are exact levels of a line chart. Malaysian SNR There are 3 different horizontal levels in Malaysian SNR: A-Level : This level is located at the peak of this line chart. (shape looks like the letter A) V-Level : Level at the valley of a line chart, (shape looks like the letter V) Gap-Leve l: This level is located at the Close/Open gap between two cand
    Trend Line Map Pro MT5
    STE S.S.COMPANY
    4.67 (9)
    Trend Line Map indicator is an addons for   Trend Screener Indicator . It's working as a scanner for all signals generated by Trend screener ( Trend Line Signals ) . It's a Trend Line Scanner based on Trend Screener Indicator.  If you don't have Trend Screener Pro Indicator,   the Trend Line Map Pro will not work.     LIMITED TIME OFFER : Trend Line Map Indicator is available for only 50 $ and lifetime. ( Original price 125$ ) By accessing to our MQL5 Blog,  you can find all our premium indica
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    Zig Zag EA
    Hendrikus Alberto Lauricella
    Zig Zag EA is a trading robot that uses the ZigZag indicator to determine tops and bottoms, then it trades the breakout with fixed stops and risk. Signal Settings Features - Fully automatic mode with adjustable inputs. - Strict use of stop loss management, every trade is protected in advance. - Filter for bad market conditions to avoid large spreads and heavy slippage. - Filter for bad terminal connection. - Filter for time. - Auto lot size calculation. - Does not use averaging, grid or
    Larry Conners RSI 2 EA
    Hendrikus Alberto Lauricella
    Larry Connors RSI 2 EA is a trading robot that uses the Larry Connors RSI-2 strategy. Signal Settings Features - Fully automatic mode with adjustable inputs. - Strict use of stop loss management, every trade is protected in advance. - Filter for bad market conditions to avoid large spreads and heavy slippage. - Filter for volatility. - Auto lot size calculation. - Option for grid and martingale recovery. - Multi currency backtest capabilities. - Tested on 100% real tick data with spread
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    Versione 1.2 2023.09.05
    Added indicator shortname
    Versione 1.1 2023.07.26
    Bug fixes and improvements