Correlation Dashboard MT5

This indicator calculates Correlation among currency pairs (Selected by user) to find the least and/or most correlated symbols in real time.

Correlation ranges from -100% to +100%, where -100% represents currencies moving in opposite directions (negative correlation) and +100%

represents currencies moving in the same direction.


Note

    The Correlation more than 80 (Adjustable) between two currency pairs, Shows that they are quite similar in the kind of movement and side.
      The Correlation less than minus 80 between two currency pairs, Shows that they are quite similar in the kind of movement but inverse in side.

        Indicator Parameters

        • Symbols You can select the pairs that you need. Default is 28 currency pairs
        • Calculation TimeFrame  The timeframe in which you want the calculations to be done
        • Calcuation Period Number of bars to consider for Indicator's calculation
          • Calculation Mode
            Range Mode The correlation will be calculated based on Ranges of the past bars (Range = High-Low)
                Close Mode  The correlation will be calculated based on Closes of the past bars
                  • Signal Type
                  Current Bar The calculations will be done based on the current candle of the pairs   
                  ConfirmedBar  The calculations will be done based on the the last closed candle of the pairs
                    • Considered Correlation Percent  If this option equals 80, The currency pairs that are correlated more than 80%, Will be shown in green color, And the currency pairs that are correlated less than minus 80%, Will be shown in red color.
                    • Positive Correlated Background Color  Background Color of correlated pairs more than +80%
                    • Positive Correlated Text Color  Text Color of correlated pairs more than +80%
                    • Negative Correlated Background Color  Background Color of correlated pairs less than -80
                    • Negative Correlated Text Color Text Color of correlated pairs less than -80
                    • Rows/Columns Back Color  Background Color of Rows/Columns Title
                    • Rows/Columns Text Color  Text Color of Rows/Columns Title
                    • Table Border Color Border Color of table
                    • Main Cells Back Color Table Cells Background Color
                    • Main Cells Text Color Table Cells Text Color
                    • Selected Cells Color Background Color of selected cells by click on them 
                    • Cells Width in Pixels (0 Means Auto Calc)  Set cell's width or set it to zero to auto calculation of cells width
                    • Cells Height in Pixels (0 Means Auto Calc)  Set cell's height or set it to zero to auto calculation of cells height
                    • Move Dashboard in X axis  Move table to the right side
                    • Move Dashboard in Y axis  Move table to the down side
                    • Font Font face of Texts
                    • Font Size Font Size of Texts 


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                    Daniel Stein
                    5 (7)
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                    Ihor Otkydach
                    4.83 (23)
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                    Yue Wang
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                    Bogdan Ion Puscasu
                    5 (23)
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                    Oleg Rodin
                    5 (2)
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                    Yury Orlov
                    4.48 (138)
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                    Ottaviano De Cicco
                    5 (7)
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                    FX Trend MT5 NG
                    Daniel Stein
                    5 (4)
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                    Ivan Stefanov
                    5 (1)
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                    Btmm state engine pro
                    Garry James Goodchild
                    5 (4)
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                    STE S.S.COMPANY
                    4.85 (104)
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                    Issam Kassas
                    3.94 (31)
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                    Siarhei Vashchylka
                    5 (11)
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                    Antonio-alin Teculescu
                    5 (1)
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                    Kareem Abbas
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                    Daniel Stein
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                    Muhammad Jawad Shabir
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                    Ramil Minniakhmetov
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                    Power Bar MT5
                    Daniel Stein
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                    Temirlan Kdyrkhan
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                    Correlation Dashboard
                    Christopher Cyril Abu Aita
                    This indicator calculates Correlation among currency pairs (Selected by user) to find the least and/or most correlated symbols in real time. Correlation ranges from -100% to +100%, where -100% represents currencies moving in opposite directions (negative correlation) and +100% represents currencies moving in the same direction. Note The Correlation more than 80 (Adjustable) between two currency pairs, Shows that they are quite similar in the kind of movement and side. The Correlation less than
                    Main Chart Oscillators
                    Christopher Cyril Abu Aita
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                    Christopher Cyril Abu Aita
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                    TriggerArrow MT5
                    Christopher Cyril Abu Aita
                    It's a DYNAMIC PERIOD indicator which identifies best ENTRY PRICE in the direction of main trend. It's completely non-repaint indicator and very simple to use. Each arrow has a specific impact value from 1 to 10. Basically there is no important difference between impact numbers. The main point is: A higher impact value means that signal is generated from a bigger swing. When it draws a Buy arrow on a bottom, It means that we had a Trend, A correction, And now this bottom is a reliable trigger fo
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