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

author EAcpu | 2 reads | 0 comments |

Correlation - indicator for MetaTrader 5

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).

Correlation - indicator for MetaTrader 5

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.

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