MultiCurrency Correlation with USD

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This utility detects:

• The currency with the most significant movement.
• Correlation (Pearson’s formula) with USDINDEX for the last 15 minutes.
• Can be displayed in pips or in USD

The Pearson formula is important for determining whether the movement is synchronized across multiple currencies.

The Pearson formula is important for determining whether the movement is synchronized across multiple currencies.

If the Pearson value is displayed, then it is not noise. This formula is only valid for a few hours a day.

The utility compares 10 currency pairs that include USD (such as EURUSD, GBPUSD, USDJPY), and then compares them with the first pair – USDINDEX. You can set the level for sending alerts (for example, 0.95 – a very clear correlation signal, now there is no noise in the market) and you can see it right on the currency chart!

This is useful for scalpers who want to trade on timeframes from M1 to M15.

CarlPearson (27 March 1857 – 27 April 1936) was an English mathematician, whose formula allows the comparison of data from two groups. For example, USDINDEX and EURUSD – when the coefficient is very good (about 1 or -1), both groups move simultaneously. If it is greater than 0.9, then this is a real and logical movement (EURJPY and USDJPY).

Some currencies have a negative value of -0.9 – both groups move simultaneously, but in the opposite direction (USDINDEX and EURUSD).

This is a very light program, it does not require a large amount of resources of your computer.

There is a system for sending alerts when serious movements are detected.

With the help of Market Detector USD, you will only trade on the best currency.

You don’t need to check all the news in all the markets, they are presented visually.

• When multiple characters appear, the last 10 minutes are pointed UP
• When multiple characters – – – – – – – appear, the last 10 minutes are directed DOWNWARDS

When a number appears on the right side of the bar – this is the currency without noise!

The number on the left shows the size of the movement in the current movement of the ACCELERATOR indicator.

• Period – Period, from M1 to H4
• Sensitivity of correlation – correlation sensitivity, from 0.85 to 0.995 (for sending notifications)
• USDINDEX-the USDINDEX index of your broker (very important, the utility does not work without it, it is case sensitive)
• Display in PIPS or USD-Display in pips or in USD, very useful for comparing multiple currencies together.

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