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IndCorrelationTable

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Ind correlation Table–
designed to help a dealer trading on the Forex market with a method
based on the correlation of money pairs.
The correlation between the two instruments is calculated using the coefficient of
K. Pearson and Ch. Spearman. the main function of the table is to display a formalized sign about the
possibility of opening a “basket” of trades in accordance with the preset
parameters, in addition to the direction of transactions in accordance with the strategy. in case you want to send alerts to other apparatus, the signal
can be reproduced by Push notifications, in addition to by e-mail.

Application:

  1. Calculation of the correlation coefficient (recalculation is carried out at the close of the candle).
  2. For operation, the recommended threshold values are already set in the input parameters of the indicator.
  3. To increase the number of signals, you can use the table on
    several timeframes at the same time (recommended timeframes are from M15 to
    H1).

Parameters of the indicator

  • Symbols ( 1,2,3) – lists of baskets of currency pairs (the limit on the number of baskets included in one list is 17).
  • TimeFrame – the timeframe.
  • periodpearson – period value for calculating the Pearson coefficient.
  • periodspearmen – the period value for calculating the Spearman coefficient.
  • negativecorrelationlevel – threshold value of negative correlation.
  • addprice-calculation parameter.
  • rsiperiod – period of the RSI indicator.
  • deltarsipearson-the delta of the RSI indicator, the threshold value for the “Alert” through the Pearson calculation.
  • deltarsispearman-delta of the RSI indicator, the threshold value for the “Alert” through Spearman’s calculation.
  • deltarsi – the delta of the RSI indicator, the threshold value for changing the color.
  • cointegrationlevel – delta of the Cointegration indicator, an indicator of the threshold value.
  • UseAlert-displays the “Alert” on the screen.
  • usesendmail-sending an “Alert” to an email address.
  • usesendnotification-sending Push notifications to mobile devices.
  • templateName – name of the called template with pre-installed software. 
If all the threshold values of one of the calculations are exceeded (on a tick), the name of the basket changes color (a signal to enter the market).  If all the threshold values of one of the calculations are exceeded (on a closed bar), a signal is generated to enter the market (alert via “Alert”).
    P.S. Calling two charts of currency pairs is carried out
    by hovering the cursor over the name of the basket of currencies and pressing the left mouse
    button simultaneously with the “Ctrl” key held down. The template must be placed in a folder
    “Files”.

    [spoiler title=”Read More…”]

    Ind correlation Table–
    designed to help a dealer trading on the Forex market with a method
    based on the correlation of money pairs.
    The correlation between the two instruments is calculated using the coefficient of
    K. Pearson and Ch. Spearman. the main function of the table is to display a formalized sign about the
    possibility of opening a “basket” of trades in accordance with the preset
    parameters, in addition to the direction of transactions in accordance with the strategy. in case you want to send alerts to other apparatus, the signal
    can be reproduced by Push notifications, in addition to by e-mail.

    Application:

    • Symbols ( 1,2,3) – lists of baskets of currency pairs (the limit on the number of baskets included in one list is 17).
    • TimeFrame – the timeframe.
    • periodpearson – period value for calculating the Pearson coefficient.
    • periodspearmen – the period value for calculating the Spearman coefficient.
    • negativecorrelationlevel – threshold value of negative correlation.
    • addprice-calculation parameter.
    • rsiperiod – period of the RSI indicator.
    • deltarsipearson-the delta of the RSI indicator, the threshold value for the “Alert” through the Pearson calculation.
    • deltarsispearman-delta of the RSI indicator, the threshold value for the “Alert” through Spearman’s calculation.
    • deltarsi – the delta of the RSI indicator, the threshold value for changing the color.
    • cointegrationlevel – delta of the Cointegration indicator, an indicator of the threshold value.
    • UseAlert-displays the “Alert” on the screen.
    • usesendmail-sending an “Alert” to an email address.
    • usesendnotification-sending Push notifications to mobile devices.
    • templateName – name of the called template with pre-installed software. 
    If all the threshold values of one of the calculations are exceeded (on a tick), the name of the basket changes color (a signal to enter the market).  If all the threshold values of one of the calculations are exceeded (on a closed bar), a signal is generated to enter the market (alert via “Alert”).
      P.S. Calling two charts of currency pairs is carried out
      by hovering the cursor over the name of the basket of currencies and pressing the left mouse
      button simultaneously with the “Ctrl” key held down. The template must be placed in a folder
      “Files”.

      [/spoiler]

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