iBeta - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources
The indicator can show covariation, correlation or Beta ratio (selected by Mode1 variable) of two symbols.
It can be calculated based on the price set by the Price parameter. In addition to price, calculations can also be performed based on the ROC (difference between the current price value and the previous price value) and ROC% values (the ratio of the difference between the current price value and the previous price value to the previous price value) selected by the Mode2 variable.
Input parameters:
Attachment download
📎ibeta.mq5 (7.49 KB)
Source: MQL5 #572
iBeta - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
iBeta - MetaTrader 5 script | Foreign exchange indicator download - MT4/MT5 resources are foreign exchange indicator 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 on titles or short-term profit descriptions.
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