Watch how to download trading robots for free

Find us on Telegram!
Join our fan page

Interesting script?
So post a link to it -
let others appraise it

You liked the script? Try it in the MetaTrader 5 terminal

Views:

13777

Rating:

(26)

Published:

2020.06.03 16:26

Correlation angle.mq5 (7.06 KB) view

Download as ZIP, How to download code from MetaEditor

Need a robot or indicator based on this code? Order it on Freelance Go to Freelance

General description :

In his June 2020 TASC article "Correlation as a cycle indicator" John Ehlers describes one possible way to determine trend in the markets
His article describes 3 possible ways of determining the trend and here we shall post all the 3 possible ways

This version :

this version is showing the "angle" part of the correlation calculation

Alphabet structure

Sets of latin, russian characters, digits, punctuation, etc.

EMA on RSI

Calculates a Exponential Moving Average based on RSI Data, instead of the regular Pricing data. Simple and and to the point.

Correlation phasor

Correlation market state

Correlation angle - indicator for MetaTrader 5