Correlation between 2 currency pairs
This indicator calculate the correlation coefficient between 2 currency pair over a certain number of candles on any time frame.
The result show the "similar level" of the 2 price charts. The calculation can be done on close, low or high price.
There are latency sometimes between currency pair. That mean, when a currency pair move, another currency will be on the go.
That's time we prepare for the trade.