Correlation Index Pro
- Indicators
- Makarii Gubaydullin
- Version: 1.10
- Updated: 3 October 2023
- Activations: 5
Correlation value between two Symbols.
- A value of +1 means a complete positive correlation;
- A value of -1 means a complete inverse correlation;
- A value of 0 means there is no explicit correlation (prices do not depend on each other, or the correlation is random);
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In the settings of the indicator, you can configure:
- Symbols (currency pairs) to be used in calculations.
Leave one value empty if you want one of the symbols to always match the chart symbol. - The period (the number of bars of the timeframe used) that will be used for the calculation.
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All styles, sizes and colors are customizable.
The red line visualizes negative values, and the green line represents positive values.
The program file must be placed in the "Indicators" directory.