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Two Currency Pairs Correlation MT5

This indicator is developed to show the average movement of any 2 correlated currency pairs of the same TF.

The crossing of 2 lines (in case with "EURUSD" (blue line) and "USDCHF" (yellow line)) is signaling about ascending or descending trend.

Input parameters:

  • symbol1 = EURUSD
  • MAPeriod1 = 13
  • MAMethod1 = 0. Possible values: MODE_SMA = 0, MODE_EMA = 1, MODE_SMMA = 2, MODE_LWMA = 3.
  • MAPrice1 = 1. Possible values: PRICE_CLOSE = 0, PRICE_OPEN = 1, PRICE_HIGH = 2, PRICE_LOW = 3, PRICE_MEDIAN = 4, PRICE_TYPICAL = 5, PRICE_WEIGHTED = 6.
  • MaAvg1 = 5. Smoothing Period.
  • MaMet1 = 0. Smoothing Method: MODE_SMA = 0, MODE_EMA = 1, MODE_SMMA = 2, MODE_LWMA=3.
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