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FXC iCorrelatioN Specialized For DAX vs DowJones

1

FXC iCorrelatioN MT5 Indicator (Specialized for DAX - DowJones)

The indicator shows the correlation soefficient between two assets. Correlations are useful because they can indicate a predictive relationship that can be exploited in practice.

The correlation coefficient shows the relationship between the two symbols. When the correlation is near 1.0, the symbols are moving togerhet in the same direction. When the correlation is near -1.0, the symbols are moving in opposite direction.

Main features:

  • Multicurrency
  • Developed for DAX - DowJones pair
  • Based on Open or Close prices
  • Time synchronization based on M1 data
  • Buy/Sell open signals
  • PUSH notifications
  • E-mail sending
  • Pop-up alert
  • Customizeable Information panel

Tips for using:

  • It is best used for assets that usually move together to the same direction. (The indicator is specialized for DAX - DowJones pair.)
  • Suggested timeframes are up-to H4.
  • Always use time synchronization for the right result.
  • Stay open secondary symbol M1 chart when using Time Synchronization. Or stay open secondary symbol chart on the current timeframe at Bars Synchronization.
  • At signals, open position to the indicated direction on the primary symbol. And open reverse position on the secondary symbol.

Input parameters:

  • Secondary Symbol: Specify the secondary symbol.
  • Correlation Period: Period size of the correlation data.
  • Symbol Synchronization:
     - Bars: This procedure synchronizes the data based on candles.
     - Time: This method synchronizes the data based on M1 chart     prices.
  • Correlation Price: You can choose between Close and Open prices.
  • Scale Symbol-2 Data (ON): This function brings the secondary symbol data to the same scale with primary symbol.
  • Scale MA-Power Symbol-1 (auto: 0): Scaling primary symbol MA data fitt to the indicator window.
  • Scale MA-Power Symbol-2 (auto: 0): Scaling secondary symbol MA data fitt to the indicator window.
  • Signal Arrow (ON): Draws arrows to the chart at signals.
  • PUSH Notification (ON): Sends PUSH notifications at signals.
  • E-mail Sending (ON): Sends e-mails at signals.
  • Pop-up Window Alert (ON): Sends pop-up alerts at signals.
  • Signal Min. Correlation Turn: Sets the minimal correlation turn for signals.
  • Signal Min. MA-Difference: Sets the minimal MA-Power difference for signals.
  • Arrow Color Buy: Arrows color for Buy signals.
  • Arrow Color Sell: Arrows color for Sell signals. 
  • Arrow Size: Size of the Arrows.
  • Arrow Shift Buy (Low + X pip): With this parameter, you can shift the price of the Buy arrows relative to the Low price.
  • Arrow Shift Sell (High + X pip): With this parameter, you can shift the price of the Sell arrows relative to the High price. 
  • Infopanel (ON): Switch Turns the information panel on or off. 
  • Infopanel Color-1: Color-1 of the information panel.
  • Infopanel Color-2: Color-2 of the information panel.
  • Infopanel Color-3: Color-3 of the information panel. 
  • Infopanel Background (ON): Turns the background of the information panel on or off.
  • Infopanel Background Color: Sets the background color of the information panel.

Information Panel:

  • Correlation: Shows the current correlation coefficient. In parentheses there is the difference of the MA-Powers.
  • Period (Bars): Shows the correlation period size. In parentheses, it shows the number of bars in the chart of secondary symbol.
  • S1-US30: 'US30' is the name of the primary symbol. It shows the current Bid price. In parentheses, there is the number of bars in the current chart.
  • S2-GER30: 'GER30' is the name of the secondary symbol. It shows the current Bid price. The color of the first data has to be Lime. This shows proper operation.
  • Scale S1/S2: Scaling variables of the MA-Power data for the primary and secondary symbols.
  • Indicator(1): Shows the name of the indicator. The number in the parentheses represents the subwindow of the indicator.

Buttons:

  • There are three little buttons at the right-upper corner of the information panel.
  • RED button: It removes the indicator from the chart.
  • WHITE button: Do nothing.
  • GREEN button: It turns on or off the information panel.


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Indicadores
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Indicadores
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Indicadores
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5 (8)
Indicadores
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Indicadores
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Indicadores
¿Cansado de trazar líneas de soporte y resistencia? La resistencia de soporte es un indicador de marco de tiempo múltiple que detecta y traza automáticamente los soportes y las líneas de resistencia en el gráfico con un giro muy interesante: a medida que los niveles de precios se prueban con el tiempo y aumenta su importancia, las líneas se vuelven más gruesas y oscuras. [ Guía de instalación | Guía de actualización | Solución de problemas | FAQ | Todos los productos ] Mejora tu análisis técnic
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Indicadores
The Smart Liquidity Profile is color-coded based on the importance of the traded activity at specific price levels, allowing traders to identify significant price levels such as support and resistance levels, supply and demand zones, liquidity gaps, consolidation zones, Buy-Side/Sell-Side Liquidity and so on.  Smart Liquidity Profile allows users to choose from a number of different time periods including 'Auto,' 'Fixed Range,' 'Swing High,' 'Swing Low,' 'Session,' 'Day,' 'Week,' 'Month,' 'Quart
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Indicadores
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Indicadores
Volatility Trend System - un sistema de comercio que da señales para las entradas. El sistema de volatilidad da señales lineales y puntuales en la dirección de la tendencia, así como señales para salir de ella, sin redibujar ni demoras. El indicador de tendencia monitorea la dirección de la tendencia a mediano plazo, muestra la dirección y su cambio. El indicador de señal se basa en cambios en la volatilidad y muestra entradas en el mercado. El indicador está equipado con varios tipos de alertas
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Indicadores
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TPA True Price Action MT5 Indicator
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Indicadores
TPA True Price Action indicator reveals the true price action of the market makers through 100% non-repainting signals strictly at the close of a candle! TPA shows entries and re-entries, every time the bulls are definitely stronger than the bears and vice versa. Not to confuse with red/green candles. The shift of power gets confirmed at the earliest stage and is ONE exit strategy of several. There are available now two free parts of the TPA User Guide for our customers. The first "The Basics"
Matrix Arrow Indicator MT5
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Indicadores
Matrix Arrow Indicator MT5   es una tendencia única 10 en 1 que sigue un indicador   100% sin repintado   de marcos temporales múltiples que se puede usar en todos los símbolos/instrumentos:   divisas ,   materias primas ,   criptomonedas ,   índices ,   acciones .  Matrix Arrow Indicator MT5  determinará la tendencia actual en sus primeras etapas, recopilando información y datos de hasta 10 indicadores estándar, que son: Índice de movimiento direccional promedio (ADX) Índice de canales de prod
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Indicadores
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5 (16)
Indicadores
** All Symbols x All Timeframes scan just by pressing scanner button ** ***Contact me after purchase to send you instructions and add you in "123 scanner group" for sharing or seeing experiences with other users. After 17 years of experience in the markets and programming, Winner indicator is ready. I would like to share with you! Introduction The 123 Pattern Scanner indicator with a special enhanced algorithm is a very repetitive common pattern finder with a high success rate . Interestingly,
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Filtro:
Tobia Giordano
720
Tobia Giordano 2023.05.30 19:25 
 

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Zsolt Haromszeki
1849
Respuesta del desarrollador Zsolt Haromszeki 2023.05.30 21:43
Thank you for you feedback! :)
Respuesta al comentario
Versión 1.7 2023.01.16
Smaller stylistic corrections were made.
Versión 1.6 2020.08.14
Double sign bug fixed.
Versión 1.5 2020.08.11
The information panel got better.
Versión 1.4 2020.08.11
Bug fixed.
Versión 1.3 2020.08.10
MA-Power scaling got better.
Versión 1.2 2020.08.10
Version information fixed.
Versión 1.1 2020.08.10
Information panel data bug fixed.