Currency Pairs Correlation
This indicator is developed to show the average movement of any 2 correlated currency pairs of the same TF.
In case of “EURUSD” and “USDCHF” Green Histogram shows assending trend of the main currency (“EURUSD”) and Red Histogram shows a descending trend.
The input parameters:
ActiveLevel and PassiveLevel are used for cutting off the flat and they are subjects of a optimization.