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MetaQuotes Software Corp.
MetaQuotes Software Corp. 2010.08.20 12:59 

Rate of Change for Multi Currency Pairs:

Indicator plots the sum of the rate of change for multiple currency pairs. Gives a fair idea of the correlation between different pairs.

Author: ernst737

MQL4 Comments
MQL4 Comments 2010.10.28 12:36  

Thanks Ernst, your code helped me visulise how to formulate velocity/rateOfChange for groups of MMAs and their relative relationships regards this calculation and price rateOfChange.

MQL4 Comments
MQL4 Comments 2011.12.17 04:56  

Thank you for the Currency overlay indicator. I have wanted to make one of these in the past.Problem is I am actually better with programming the EA'S than an

indicator. That's because I havn't actually done one yet. I think I need to explain the EA I have been working on with the 3 currency pairs. For this one, the Overlay

indicator probably not going to be of much value. That's because the way that this setup works. What it does is, all 3 currency pairs have to be going the same

direction. Also 9 RSI indicators have to be going the same way. 3 different timeframes for each. What this does is cause Volatility increase that helps put the odds

in our favor. It is called the Wato method from Expert4x. I don't think many people have tried to program this thing. It isn't that hard except one of the requirements

is a trendline break at least on the EURJPY 1M chart. THIS I definitley cannot do. I have had it work quite well without this except only in the testing. Doesn't seem to

want to make trades for real. I am having the same problem with another more traditional Scalping type EA that I just completed. Looks like the 1m timeframe may

cause some trade execution problems with the data etc. Any info on this No trade problem with the 1min charts is appreciated.


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