AIS Correlation - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources

This indicator shows the correlation between two currency pairs. It implements a variety of methods, which I find the most interesting.

Indicator settings:

This indicator is designed for traders who trade multiple currency pairs. It allows you to evaluate the divergence-convergence of two trading symbols. Based on this difference, you can make trading decisions.

Test history in MT5 tester math mode.

Indicator Description – Bollinger Bands Cross Signal Name: Bollinger Bands Cross Signal Version: 1.1 Add an author link: https://www.mql5.com/en/users/dahmi_benali

Breakout Trader 1.0 Trading range breakouts.

This script is a reference solution for mapping symbol names configured by the user in a MetaTrader 5 EA or script to the actual names provided by the broker. It uses the Levenshtein distance algorithm to automatically identify the most similar symbols in market observations. Ideal for developers facing compatibility issues with prefixes or suffixes in symbol names. It's a customizable starting point to meet any specific needs.

Attachment download

📎 ais_correlation.mq5 (9.98 KB)

Source: MQL5 #61261