MetaTrader 5 Cracking Correlation (ICT) Indicator Download – [TFlab] – MT4/MT5 Resources

The Crack Correlation Indicator is an ICT style tool that highlights correlation changes among three assets . Symbols like DJI , ND100 , and SP500 often move in similar directions due to their high correlation .

However, this relationship can sometimes break , and this indicator can be used to visualize these moments using lines .

Crack relevant indicator specifications

The following table details the main features of the crack-related indicators.

Indicator Overview

The crack correlation indicator uses color-changing lines to display correlation breaks between three trading symbols. When an asset breaks a key level , the indicator changes the line color from gray to green (bullish breakout) or red (bearish breakout), highlighting the divergence.

Bullish market scenario

In a 30-minute chart of DJI , ND100 , and SP500 , the SP500 breaks above its price ceiling , while the other two indices ( DJI and ND100 ) fail to do so.

This situation indicates a correlation break , as SP500 leads the uptrend while others lag behind.

Bearish market scenario

On a 1-hour chart of DJI , ND100 , and SP500 , the DJI breaks below a support level with strong bearish momentum.

Meanwhile, the ND100 and SP500 do not break above the same levels, indicating correlation divergence .

Analyzing Bearish Trends Using ICT Crack Related Indicators

Crack related indicator settings

The image below shows the settings panel for the crack related indicators :

• First symbol: Set the main asset for analysis
• Second symbol: Select the second asset
• Third symbol: Select the third asset
• Show objects: Enable or disable the display of elements on the chart

Conclusion

The crack correlation indicator helps users detect correlation breaks between three trading symbols . This liquidity indicator uses color-changing lines to highlight changes in correlation.

It is worth noting that to run this trading tool , it must first be applied to the first symbol . Additionally, in trading strategies that involve fundamental analysis , this indicator can also be used.