Relevance - MetaTrader 5 Scripts | Trading Script Downloads - MT4/MT5 Resources - MetaTrader 5 Resources

Correlation of two symbols. The value oscillates between +1 (perfect positive correlation) and -1 (perfect negative correlation). A correlation value of 0 indicates that there is no correlation (random variation with no correlated price changes between the two observed symbols).

P.S. Using the same sign in both sign arguments will always produce the result 1.
Attachment download
📎correlation.mq5 (13.58 KB)
Source: MQL5 #19832
Relevance - MetaTrader 5 Script | Trading Script Download - MT4/MT5 Resource Usage and Screening Suggestions
Relevance - MetaTrader 5 Script | Trading Script Download - MT4/MT5 resources are trading script related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
💡 Featured Recommendations
✍️ Latest by the author
- •
- •
- •
- •
- •
- •
📌 Popular topics
- •
- •
- •
- •
- •
- •
- •
- •
🔗 You May Be Interested In
- •
- •
- •
- •
- •
- •