Currency Pair Correlation - MetaTrader 4 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources
This indicator is designed to show the average movement of any 2 related currency pairs of the same TF.
For "EURUSD" and "USDCHF", the green histogram shows the upward trend of the major currency ("EURUSD") and the red histogram shows the downward trend.
Input parameters:
ActiveLevel and PassiveLevel are used to cut off planes, which are the objects of optimization.
Attachment download
📎 CurrencyPairsCorrelation.mq4 (3.76 KB)
Source: MQL5 #10330
Currency Pair Correlation - MetaTrader 4 Script | Forex Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
Currency Pair Correlation - MetaTrader 4 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 only on titles or short-term profit descriptions.
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