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PipTick Correlation MT4

PipTick Correlation shows the actual correlation between the selected instruments. The default setting is set to 28 currency pairs, gold and silver, but the indicator can compare any other symbols.


Interpretation of the indicator

  • Positive correlation (corellation is above 80 %)
  • Negative correlation (corellation is below -80 %)
  • Weak or no correlation (corellation is between -80 and 80 %)


Main features

  • The indicator shows actual correlation between the selected instruments
  • Simple comparison of one symbol against another
  • Works on every timeframe (M1, M5, M15, M30, H1, H4, D1, W1, MN)
  • Customizable parameters (Colors, Correlation Period, Symbols...)
  • Very fast calculation
  • Indicator works with prefix and suffix of symbols as well (EURUSD.m, EURUSD-pro...)
  • Available for MT4 and MT5


Input parameters

  • Correlation_Period - Period of correlation calculation
  • Color_Symbol - Color of symbols labels
  • Color_Strong_Positive_Corr - Color of strong positive correlations
  • Color_Strong_Negative_Corr - Color of strong negative correlations
  • Color_Weak_Corr - Color of weak correlations
  • Symbol_1_Name ... Symbol_30_Name - Names of symbols (pairs)
  • Output_1..8 - The output values of correlation calculation. For example Symbol_1_2 means correlation calculation of Symbol_1_Name and Symbol_2_Name

Note

In case of using iCustom function, the Output_1..8 parameters are simply numbers of symbols.

Examples:

Symbol_1_2 as output 1 will be Output_1 = 12

Symbol_7_14 as output 2 will be Output_2 = 714


Outputs parameters

  • PipTick Correlation Output 1..8 - Outputs by input parameters (Output_1..8)

For more information, visit the PipTick Correlation product page.

Comentários 1
Ikechukwu Emmanuel Okaro
908
Ikechukwu Emmanuel Okaro 2015.12.17 19:46 
 

Five stars for excellent customer service! Indicator looks very promising.

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The iPump indicator is a universal indicator that  combines the advantages of three types of indicators.  You get 3 indicators in 1 product. multi-step trend detection  (trend indicators) determination  of resistance and support levels  (levels indicators) definition of overbought and oversold zones  (oscillators indicators) 👉 Instructions for the iPump indicator https://www.mql5.com/en/blogs/post/732102 The indicator appeared in the process of many years of working with financial assets.  Th
89 USD
No Demand No Supply
Panagiotis Diamantopoulos
This indicator identifies No Demand –No Supply candles  to your chart and plots volume bars colored according to the signal. It can be applied to all timeframes or to a specific one only. It can also be used as regular volume indicator but with exceptional future of WEIGHTED VOLUME. Furthermore is has an alert notification, sound and email when a signals occurs. The VSA (Volume Spread Analysis) definition for No Demand and No supply is as follows: No Demand (no buyers-potential short position):
80 USD
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Ikechukwu Emmanuel Okaro
908
Ikechukwu Emmanuel Okaro 2015.12.17 19:46 
 

Five stars for excellent customer service! Indicator looks very promising.

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Versão 1.2 2016.05.18
Customizeable outputs added
Versão 1.1 2015.12.17
Prefix, suffix bug fixed