Forex Wiki Trading > FX Ind > Correlation

Correlation

  • July 15, 2013
  • Posted by: Forex Wiki Team
  • Category: FX Ind
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Correlation [ ru | cn ]
Author: Scriptor (2009.01.07 09:28)
Rating: 8
Downloaded: 4039
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Correlation 1
 Correlation.mq4 (3.4 Kb) View
The indicator calculates the correlation of the currency pairs.

Input Parameters:

extern string OtherChart="EURUSD";
extern int n=20;
extern bool UseOpen=true;
extern bool UseClose=false;
extern bool UseHigh=false;
extern bool UseLow=false;
extern int CalcBars=400;

Calculation Formula :
Индикаторы Форекс Индикатор корелляции
where

Индикаторы Форекс Индикатор корелляцииand

Индикаторы Форекс Индикатор корелляцииare the prices of two assets on the same TF. n is the period the correlation is calculated for. x and y (with the dashes above them) are the average values of x and y for the last n bars.

 

Example with USDCHF and EURUSD:

Correlation 2

Correlation

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Author: Forex Wiki Team
We are a team of highly experienced Forex Traders [2000-2023] who are dedicated to living life on our own terms. Our primary objective is to attain financial independence and freedom, and we have pursued self-education and gained extensive experience in the Forex market as our means to achieve a self-sustainable lifestyle.
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