PZ Correlation

5

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. 

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  • 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.

    Author

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

    Değerlendirmeler 7
    ovest
    24
    ovest 2021.08.22 15:21 
     

    Индикатор PZ correlation представляет информацию о корреляциях между валютными парами во времени в графическом виде, что позволяет мгновенно оценить ситуацию. Спасибо автору, вещь хорошая.

    Bing Cheng Chen
    203
    Bing Cheng 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

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    ORB Seeker
    Marcela Goncalves De Oliveira
    Lansmana Özel Fiyat! Sadece 79 dolar! 10 satıştan sonra fiyat artacak, son fiyat 199 dolar olacak. Satın alma işleminden sonra, tamamen otomatikleştirilmiş ve optimize edilmiş dosya setleriyle kırılma sinyallerini işleyebilen ÜCRETSİZ bir bonus EA almak için benimle iletişime geçin. Temiz antrenman seanslarında güvenle mola verin! ORB Seeker, doğruluk, sadelik, esneklik ve net grafik yapısı isteyen yatırımcılar için tasarlanmış profesyonel bir Açılış Aralığı Kırılımı (ORB) göstergesidir. Otoma
    Resmi BlueDigitsFx Ekosistemi Erişimi Altyapı güncellemelerine, işlem kaynaklarına, ürün yayınlarına ve resmi BlueDigitsFx ekosistemine erişim sağlayın. Telegram Ekosistemi Web Sitesi MT5 Sürümü BlueDigitsFx Easy 123 System — MT4 İçin Güçlü Dönüş ve Kırılım Tespit Sistemi Piyasa dönüşlerini ve kırılımları tespit etmek için tasarlanmış, yeniden çizim yapmayan (Non-Repaint) hepsi bir arada sistem — yapı, netlik ve onay temelli işlem yaklaşımına önem veren yatırımcılar için geliştirilmiştir. Blu
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    Bernhard Schweigert
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    Özel Ticaret –%30 İndirim Yeni Başlayanlar veya Uzman Yatırımcılar İçin En İyi Çözüm! Bu gösterge, bir dizi özel özellik ve yeni bir formül içerdiği için benzersiz, yüksek kaliteli ve uygun fiyatlı bir işlem aracıdır. Bu güncelleme ile çift zaman dilimi bölgeleri gösterebileceksiniz. Sadece daha yüksek bir zaman dilimini değil, hem grafik zaman dilimini hem de daha yüksek zaman dilimini gösterebileceksiniz: İÇ İÇE GEÇMİŞ BÖLGELER GÖSTERİYOR. Tüm Arz Talep yatırımcıları buna bayılacak. :) Önem
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    Ashkan Hazegh Nikrou
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    Gold Signal Swing Pro XAUUSD with Auto TP SL (MT4) — XAUUSD Swing Trading için 7 Katmanlı Filtre + RR Garanti Sistemi Yeniden çizme yok. Yeniden çizim yok. Gecikme yok. Tüm sinyaller onaydan sonra kilitlenir. Alıcılar için bonus: Outright lisans satın aldığınızda AI Zone Radar ($59 değerinde) + PDF kılavuzu ücretsiz. Satın aldıktan sonra MQL5'te bana mesaj gönderin. AI Zone Radar: https://www.mql5.com/en/market/product/175834 MT5 sürümü de mevcut: https://www.mql5.com/en/market/product/170916?so
    Stop searching for and trying new indicators! Get Winshots Massive FX Profits indicator and set yourself apart from the crowd.  Years of trading experience led us to the building of this all in one indicator! Trade like the pro with Winshots Massive FX Profits! This indicator uses the following methodologies to help you become a more consistent profitable trader: - MARKET VOLUME PROFILE - DAILY CANDLE OUTLINE  - ATR LEVELS - DAILY PIVOTS LEVELS - PRICE CYCLES ANALYSIS What is VOLUME PROFILE?
    TrendMaestro
    Stefano Frisetti
    4 (4)
    Attention: beware of SCAMS, TRENDMAESTRO is only ditributed throught MQL5.com market place. note: this indicator is for METATRADER4, if you want the version for METATRADER5 this is the link:  https://www.mql5.com/it/market/product/108106 TRENDMAESTRO ver 2.5 TRENDMAESTRO recognizes a new TREND from the start, he never makes mistakes. The certainty of identifying a new TREND is priceless. DESCRIPTION TRENDMAESTRO identifies a new TREND in the bud, this indicator examines the volatility, volumes a
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    Nikolay Raykov
    5 (1)
    Price & Time Market Structure Indicator A professional market structure tool that analyzes waves through both price and time — not price alone. Main Description NeoWave PRO is a professional market structure indicator for MetaTrader 4 designed for traders who want to move beyond traditional one-dimensional wave tools such as ZigZag, swing indicators, and basic high/low systems. Most wave indicators analyze only one thing: Price. But a real market wave is not only a price movement. A true wave de
    Bu ürün 2026 piyasası için güncellendi ve en son MT5 sürümleri için optimize edildi. FİYAT GÜNCELLEME BİLDİRİMİ: Smart Price Action Concepts şu anda $200 fiyatıyla sunulmaktadır. Sonraki 30 satın alma işleminden sonra fiyat $299 olacaktır. ÖZEL TEKLİF: Satın aldıktan sonra bana özel mesaj gönderin ve ÜCRETSİZ Bonus + Hediye alın. Öncelikle, bu trading aracının repaint yapmayan, geçmişi yeniden çizmeyen ve gecikmeyen bir indikatör olduğunu vurgulamak gerekir. Bu da onu profesyonel trading için
    PZ Day Trading
    PZ TRADING SLU
    3.67 (3)
    Effortless trading: non-repainting indicator for accurate price reversals This indicator detects price reversals in a zig-zag fashion, using only price action analysis and a donchian channel. It has been specifically designed for short-term trading, without repainting or backpainting at all. It is a fantastic tool for shrewd traders aiming to increase the timing of their operations. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Amazingly easy to trade It provides
    PRO Renko Sistemi, RENKO grafikleri ticareti için özel olarak tasarlanmış son derece hassas bir ticaret sistemidir. Bu, çeşitli ticaret araçlarına uygulanabilen evrensel bir sistemdir. Sistemi etkin piyasa sana doğru ters sinyallerine erişim hakkı denilen ses nötralize eder. Göstergenin kullanımı çok kolaydır ve sinyal üretiminden sorumlu tek bir parametreye sahiptir. Aracı, seçtiğiniz herhangi bir ticaret aracına ve renko çubuğunun boyutuna kolayca uyarlayabilirsiniz. Yazılımımla karlı bir
    Binary Trader Master , mumun kapanışını tahmin eden ok tabanlı bir göstergedir. Analizini sadece bir mum içerisinde yapar. Mum açıldığında, analiz yapmak ve mumun kapanışını tahmin etmek için birkaç dakika gerekir. Sonra bir sinyal üretir. Gösterge ayrıca, analiz için kullanabileceği zaman sınırlarını uygulamanıza izin verir; bu, göstergeye, mum içinde analiz için ne kadar zamana sahip olmasına gerçekten izin verildiğini söyleyebileceğiniz anlamına gelir. Gösterge, mumlardaki özel hacim kalıplar
    Yazarın diğer ürünleri
    PZ Trend Trading
    PZ TRADING SLU
    4.8 (5)
    Capture every opportunity: your go-to indicator for profitable trend trading Trend Trading is an indicator designed to profit as much as possible from trends taking place in the market, by timing pullbacks and breakouts. It finds trading opportunities by analyzing what the price is doing during established trends. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Trade financial markets with confidence and efficiency Profit from established trends without getting whips
    Trade smarter, not harder: Empower your trading with Harmonacci Patterns This is arguably the most complete harmonic price formation auto-recognition indicator you can find for the MetaTrader Platform. It detects 19 different patterns, takes fibonacci projections as seriously as you do, displays the Potential Reversal Zone (PRZ) and finds suitable stop-loss and take-profit levels. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products  ] It detects 19 different harmonic pric
    PZ Day Trading
    PZ TRADING SLU
    3.67 (3)
    Effortless trading: non-repainting indicator for accurate price reversals This indicator detects price reversals in a zig-zag fashion, using only price action analysis and a donchian channel. It has been specifically designed for short-term trading, without repainting or backpainting at all. It is a fantastic tool for shrewd traders aiming to increase the timing of their operations. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Amazingly easy to trade It provides
    PZ Day Trading MT5
    PZ TRADING SLU
    2.83 (6)
    Effortless trading: non-repainting indicator for accurate price reversals This indicator detects price reversals in a zig-zag fashion, using only price action analysis and a donchian channel. It has been specifically designed for short-term trading, without repainting or backpainting at all. It is a fantastic tool for shrewd traders aiming to increase the timing of their operations. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Amazingly easy to trade It provides
    PZ Harmonacci Patterns
    PZ TRADING SLU
    3.17 (6)
    Trade smarter, not harder: Empower your trading with Harmonacci Patterns This is arguably the most complete harmonic price formation auto-recognition indicator you can find for the MetaTrader Platform. It detects 19 different patterns, takes fibonacci projections as seriously as you do, displays the Potential Reversal Zone (PRZ) and finds suitable stop-loss and take-profit levels. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products  ] It detects 19 different harmonic pric
    Unlock key market insights with automated support and resistance lines Tired of plotting support and resistance lines? This is a multi-timeframe indicator that detects and plots supports and resistance lines in the chart with the same precision as a human eye would. As price levels are tested over time and its importance increases, the lines become thicker and darker, making price leves easy to glance and evaluate. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products  ] Boo
    PZ Trend Trading MT5
    PZ TRADING SLU
    3.8 (5)
    Capture every opportunity: your go-to indicator for profitable trend trading Trend Trading is an indicator designed to profit as much as possible from trends taking place in the market, by timing pullbacks and breakouts. It finds trading opportunities by analyzing what the price is doing during established trends. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Trade financial markets with confidence and efficiency Profit from established trends without getting whips
    PZ Goldfinch Scalper EA MT5
    PZ TRADING SLU
    3.33 (57)
    This is the latest iteration of my famous scalper, Goldfinch EA, published for the first time almost a decade ago. It scalps the market on sudden volatility expansions that take place in short periods of time: it assumes and tries to capitalize of inertia in price movement after a sudden price acceleration. This new version has been simplified to allow the trader use the optimization feature of the tester easily to find the best trading parameters. [ Installation Guide | Update Guide | Troublesh
    FREE
    PZ Reversal Fractals MT5
    PZ TRADING SLU
    4.51 (35)
    This is the latest iteration of my famous indicator, Reversal Fractals, published for the first time almost a decade ago. It examines the price structure of fractals to determine possible reversal points in the market, providing timing to positional traders that already have a fundamental or technical valuation model. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products  ] Reversal fractals can start long trends The indicator is non repainting It implements alerts of all k
    FREE
    Protect against whipsaws: revolutionize your swing trading approach Swing Trading is the first indicator designed to detect swings in the direction of the trend and possible reversal swings. It uses the baseline swing trading approach, widely described in trading literature. The indicator studies several price and time vectors to track the aggregate trend direction and detects situations in which the market is oversold or overbought and ready to correct. [ Installation Guide | Update Guide | Tro
    PZ Goldfinch Scalper EA
    PZ TRADING SLU
    2.72 (43)
    This is the latest iteration of my famous scalper, Goldfinch EA, published for the first time almost a decade ago. It scalps the market on sudden volatility expansions that take place in short periods of time: it assumes and tries to capitalize of inertia in price movement after a sudden price acceleration. This new version has been simplified to allow the trader use the optimization feature of the tester easily to find the best trading parameters. [ Installation Guide | Update Guide | Troublesh
    FREE
    This expert advisor implements the original Dennis and Eckhardt trading system, commonly known as The Turtle Trader. It trades exactly like the original turtles did, and can be used by experienced traders to capture trends in up or down markets. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Easy to use and supervise Fully configurable strategy settings Fully configurable trading settings Works for ECN/Non-ECN brokers and 2-3-4-5 digit symbols Works for CFDs and for
    FREE
    Identify over 30 candlestick patterns with precision This indicator recognizes over 30 Japanese Candlestick Patterns and highlights them beautifully on the chart. It is simply one of those indicators price action traders can't live without. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products  ] Boost your technical analysis overnight Detect japanese candlestick patterns easily Trade reliable and universal reversal patterns Hop onto established trends safely using continua
    PZ Swing Trading
    PZ TRADING SLU
    5 (3)
    Protect against whipsaws: revolutionize your swing trading approach Swing Trading is the first indicator designed to detect swings in the direction of the trend and possible reversal swings. It uses the baseline swing trading approach, widely described in trading literature. The indicator studies several price and time vectors to track the aggregate trend direction and detects situations in which the market is oversold or overbought and ready to correct. [ Installation Guide | Update Guide | Tro
    PZ Support Resistance
    PZ TRADING SLU
    3.33 (3)
    Unlock key market insights with automated support and resistance lines Tired of plotting support and resistance lines? This is a multi-timeframe indicator that detects and plots supports and resistance lines in the chart with the same precision as a human eye would. As price levels are tested over time and its importance increases, the lines become thicker and darker, making price leves easy to glance and evaluate. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Boos
    Noise filtering: the key to mastering trends This indicator tracks the market trend with an unmatched reliability, by ignoring sudden fluctuations and market noise. It has been designed to trend-trade intraday charts and small timeframes. Its winning ratio is around 85%. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Amazingly easy to trade Find oversold/overbought situations Enjoy noise-free trading at all times Avoid being whipsawed in intraday charts The indi
    Stay ahead of the market: predict buying and selling pressure with ease This indicator analyzes past price action to anticipate buying and selling pressure in the market: it does so by looking back into the past and analyzing price peaks and valleys around the current price. It is a state-of-the-art confirmation indicator. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Predict buying and selling pressure in the market Avoid getting caught in buying selling frenzies
    PZ ABCD Retracement
    PZ TRADING SLU
    4 (5)
    Identify precise entry and exit points with AB=CD patterns This indicator finds AB=CD retracement patterns. The AB=CD Retracement pattern is a 4-point price structure where the initial price segment is partially retraced and followed by an equidistant move from the completion of the pullback, and is the basic foundation for all harmonic patterns. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products   ] Customizable pattern sizes Customizable AC and BD ratios Customizable b
    Master the market: harness the power of statistical arbitrage This indicator showcases the price action of multiple instruments on a single chart, enabling you to compare the fluctuations of different assets and seamlessly implement statistical arbitrage strategies. Its main usage is to find correlated symbols which are temporarily out of whack. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products  | Get Help ] Find overbought or oversold currency pairs easily Plot up
    FREE
    PZ Trade Pad MT5
    PZ TRADING SLU
    4.46 (24)
    This simple visual expert advisor allows you to trade easily from the chart. It handles risk management for you and can perform several useful tasks with your existing trades, saving time and making risk-management for each individual trade easier.  [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products  |  Get Help ] Trade easily from the chart Trade with precise risk management, hassle free Trade pending order with drag and drop price selection Set SL and TP levels with d
    FREE
    PZ Inside Bars MT5
    PZ TRADING SLU
    4.5 (12)
    Enhance your price action strategy: inside bar breakouts at your fingertips This indicator detects inside bars of several ranges, making it very easy for price action traders to spot and act on inside bar breakouts. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products  ] Easy to use and understand Customizable color selections The indicator implements visual/mail/push/sound alerts The indicator does not repaint or backpaint An inside bar is a bar or series of bars which is/
    FREE
    PZ Turtle Trading MT5
    PZ TRADING SLU
    4.67 (6)
    The Turtle Trading Indicator implements the original Dennis Richards and Bill Eckhart trading system, commonly known as The Turtle Trader. This trend following system relies on breakouts of historical highs and lows to take and close trades: it is the complete opposite to the "buy low and sell high" approach. The main rule is "Trade an N-day breakout and take profits when an M-day high or low is breached (N must me above M)".  [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Pr
    FREE
    This expert advisor implements the original Dennis and Eckhardt trading system, commonly known as The Turtle Trader. It trades exactly like the original turtles did, and can be used by experienced traders to capture trends in up or down markets. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products  |  Get Help ] Easy to use and supervise Fully configurable strategy settings Fully configurable trading settings Works for ECN/Non-ECN brokers and 2-3-4-5 digit symbols Works f
    FREE
    PZ Pivot Points MT5
    PZ TRADING SLU
    4.91 (22)
    This indicator displays pivot points in the chart, including historical vales, and supports many calculation modes for Pivot Points and S/R levels. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products  |  Get Help ] It plots historical levels for backtesting purposes It allows you to select the reference timeframe It implements different Pivot Point calculation modes It implements different SR calculation modes It implements customizable colors and sizes Calculation Mod
    FREE
    Transform your trading approach with reliable bullish and bearish patterns [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products  |  Get Help ] This indicator evaluates volatility and price directionality simultaneously, which finds the following events. Decisive and sudden price movements Large hammers/shooting stars patterns Strong breakouts backed by most market participants Indecisive but volatile market situations It is an extremely easy to use indicator... The blue
    FREE
    Spot high-probability trades: sandwich bar breakouts at your fingertips This indicator detects Sandwich Bars of several ranges, an extremely reliable breakout pattern. A sandwich setup consists on a single bar that engulfs several past bars, breaking and rejecting the complete price range. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products  ] Easy and effective usage Customizable bar ranges Customizable color selections The indicator implements visual/mail/push/sound ale
    FREE
    PZ Three Drives
    PZ TRADING SLU
    5 (2)
    This indicator finds Three Drives patterns. The Three Drives pattern is a 6-point reversal pattern characterised by a series of higher highs or lower lows that complete at a 127% or 161.8% Fibonacci extension. It signals that the market is exhausted and a reversal can happen. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products  |  Get Help ] Customizable pattern sizes Customizable colors and sizes Customizable breakout periods Customizable 1-2-3 and 0-A-B ratios It impl
    FREE
    PZ Lopez Impulse
    PZ TRADING SLU
    1 (2)
    Transform your trading approach with reliable bullish and bearish patterns [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products  |  Get Help ]  This indicator evaluates volatility and price directionality simultaneously, which finds the following events. Decisive and sudden price movements Large hammers/shooting stars patterns Strong breakouts backed by most market participants Indecisive but volatile market situations It is an extremely easy to use indicator... The blue
    FREE
    PZ Turtle Trading
    PZ TRADING SLU
    3.8 (10)
    The Turtle Trading Indicator implements the original Dennis Richards and Bill Eckhart trading system, commonly known as The Turtle Trader. This trend following system relies on breakouts of historical highs and lows to take and close trades: it is the complete opposite to the "buy low and sell high" approach. The main rule is "Trade an N-day breakout and take profits when an M-day high or low is breached (N must me above M)". [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Prod
    FREE
    The Stretch is a Toby Crabel price pattern which represents the minimum average price movement/deviation from the open price during a period of time, and is used to calculate two breakout levels for every single trading day. It is calculated by taking the 10 period SMA of the absolute difference between the open and either the high or low, whichever difference is smaller. This value is used to calculate breakout thresholds for the current trading session, which are displayed in the indicator as
    FREE
    Filtrele:
    John Winsome Munar
    3471
    John Winsome Munar 2022.06.20 06:07 
     

    Kullanıcı değerlendirmeye herhangi bir yorum bırakmadı

    ovest
    24
    ovest 2021.08.22 15:21 
     

    Индикатор PZ correlation представляет информацию о корреляциях между валютными парами во времени в графическом виде, что позволяет мгновенно оценить ситуацию. Спасибо автору, вещь хорошая.

    Valentin Butorin
    4147
    Valentin Butorin 2020.10.03 14:12 
     

    Kullanıcı değerlendirmeye herhangi bir yorum bırakmadı

    sunnychow
    9043
    sunnychow 2019.12.29 17:35 
     

    Kullanıcı değerlendirmeye herhangi bir yorum bırakmadı

    Bing Cheng Chen
    203
    Bing Cheng 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
    154
    ThaiTrader7 2014.08.23 20:25 
     

    Kullanıcı değerlendirmeye herhangi bir yorum bırakmadı

    Jeremy Scott
    2558
    Jeremy Scott 2014.07.25 10:49 
     

    Kullanıcı değerlendirmeye herhangi bir yorum bırakmadı

    Değerlendirmeye yanıt