Wednesday, May 17, 2017

Two Currency Pairs Correlation

Two Currency Pairs Correlation


The indicator shows the average movement of any two correlated currency pairs on one timeframe.


The intersection of the two lines (in the case of "EURUSD" (blue line) and "USDCHF" (yellow line)) indicates the uptrend or downtrend.


Input parameters:



  • symbol1 = EURUSD

  • MAPeriod1 = 13

  • MAMethod1 = 0. The possible values: MODE_SMA = 0, MODE_EMA = 1, MODE_SMMA = 2, MODE_LWMA = 3.

  • MAPrice1 = 1. Possible values: PRICE_CLOSE = 0, PRICE_OPEN = 1, PRICE_HIGH = 2, PRICE_LOW = 3, PRICE_MEDIAN = 4, PRICE_TYPICAL = 5, PRICE_WEIGHTED = 6.

  • MaAvg1 = 5. averaging period.

  • MaMet1 = 0. averaging period: MODE_SMA = 0, MODE_EMA = 1, MODE_SMMA = 2, MODE_LWMA = 3.


Two Currency Pairs Correlation

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