Currency Strength and Correlation Matrix
- 指标
- 版本: 1.0
- 激活: 5
Currency Strength and Correlation Matrix is a read-only panel that shows which currencies are strong and which are weak right now, and how strongly the major pairs move together. It does not trade. It reads quotes and draws two blocks in one panel: - Strength (normalized): the eight currencies ranked from strongest to weakest, expressed in percent over the lookback window. - Correlation (returns): an N x N matrix of return correlation between the pairs it could resolve. Strong positive correlation is shown in red, strong negative in blue, so overlapping exposure is easy to spot. WHY IT IS USEFUL Two trades in different pairs can be the same trade. Buying EURUSD and selling USDCHF is close to doubling one idea, and the correlation block makes that visible. The strength block answers the prior question: which side of the market is actually strong on the timeframe you selected. HOW IT WORKS - The calculation timeframe and the lookback bars are inputs. - Only symbols that exist in the terminal are used; each symbol is registered with SymbolSelect and read from the Market Watch feed. - If no pair is resolved yet, the panel retries on every timer tick instead of staying empty. - The footer shows the correlation threshold legend and how many pairs were found. INPUTS - Currencies (comma separated), default USD,EUR,JPY,GBP,AUD,NZD,CAD,CHF - Calculation timeframe (default H1), lookback bars (default 240) - Max pairs in the matrix (default 6) - Show correlation matrix (on / off) - Panel corner, X / Y offset, panel width - Font, font size, refresh interval (seconds) - Background, header, border, key text, value text colours NOTES - Read-only. Never sends orders. - Needs the symbols to be available at your broker; missing pairs are simply skipped. - Values are recalculated on a timer, so they can change while the current bar is still open. - Standard chart objects only: no DLLs, no external requests. DISCLAIMER This indicator is an analysis tool. It does not predict direction and does not guarantee any result. Trading involves risk.
