Forex TOP 10 Correlation FREE MT4 Indicator:
About the Forex TOP 10 Correlation FREE MT4 Indicator
Correlation is a statistical technique that can show whether and how strongly pairs of variables are related.
Positive Correlation means both pairs move in same direction.
Negative Correlation means both pairs move in opposite direction.
This FREE version product works only for the last 3 of top 10 correlations.
The second and fourth column represents the amount of correlation coefficient in percentage.
The total number correlation combinations for major and cross pairs is greater than 350.
They are sorted according to top 10 basis.
The colors of any text displayed in this indicator can be changed. They are given as inputs.
The input Symbol_Suffix is used to give any suffix if your broker is using.
Ex: For a symbol EURUSDm, the suffix input should be just m in that field.
The other inputs are No_of_Bars, Applied_Timeframe and Applied_Price.
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)