Forex Multi Correlation MT4 Indicator

Forex Multi Correlation MT4 Indicator:

About the Forex Multi Correlation MT4 Indicator

Indicator of correlation of two trading instruments.

Ideal for pair trading.

Example of use: if there is a significant divergence of correlated trading instruments, open two deals in the direction of each of them. Trades are closed when the correlation lines are crossed.
Settings:
First symbol (if empty – current) – The first trading instrument (if empty, the current one);
Second tool (if empty – current) – Second trading instrument (if empty – current);
Number of bars – Number of bars for calculation;
Cross Alert – Alert when lines are crossed;
Cross Mail – Email when crossing lines;
Cross Notification – Push notification when crossing lines.

Test results:

Forex Multi Correlation MT4 Indicator

Copy and paste the file into the MQL4 Indicators folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL4 > Indicators (paste here)

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