(Translated from Google)
meaning
that this toolbar should help you to get a fast overview of the correlations of the various underlying factors with each other. To achieve this, the series of values are compared using the Pearson strategy. The effect is the correlation value (in percentage).
usage
There are distinct correlation approaches. In the so-called transport transaction, the underlying asset is purchased. A set with a strong negative correlation is being marketed. proper swaps play an important role in this method.
Another method is to hedge ranks. The position ought to be hedged by purchasing or selling a correlated pair.
display of the indicator
The calculated correlation values are displayed in the matrix. Values from -100% (absolute negative correlation) to 100% (absolutely positive correlation) can be displayed.
If (!) is displayed after the value, the number of bars is less than the specified number of periods.
If there are less than three bars for the underlying asset, the correlation is not calculated. Then the “X” is displayed.
options
Underlying-a list of those lying under the commas. Note that all selected UL’s are also marked as active in MT4. Otherwise, Dasboard will not return values for this UL.
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use the chart timeframe
If the value is set to true, the chart period is used for the calculation. This option is suitable for quickly switching between timeframes.
time frame
If” use chart timeframe ” was set to false, you can specify the timeframe here. That won’t change then.
counting periods
Here you set how many periods of the corresponding timeframe are used for the calculation.
The color field is larger than x
Set here the threshold from which a positively correlated pair is marked with color.
the color field is less than x
Set here the threshold from which a negatively correlated pair is marked with color.
Fonts and colors (appearance)
Configure the control panel the way you want it to be on the screen.
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