In the world of finance, correlation is an statistical measure of how two securities move in relation to each other. Correlations are used in advanced portfolio management. This indicator allows you to evaluate the correlation between the symbol of the current chart forex pairs correlation table ir seven other symbols.
The Correlation indicator measures of how different securities move in relation to a reference one, thus making portfolio management easier. Improve your risk and portfolio management with the best and most complete market correlation indicator for the metatrader platform. No, the indicator does not repaint. Can I choose period and timeframe to apply?
Synthetic Chart This indicator creates a candlestick chart plotting the price of one instrument measured against another. Protection: All original content on Pointzero-trading. Reproduction or re-publication of this content is prohibited without permission. This is a powerful knowledge for those who trade more than one currency pair.
It helps to hedge, diversify or double profitable positions. A correlation of zero means no relation between currency pairs exists. Information about current correlation coefficients can be found here: Currency Correlations Table. How a trader can use this information?