As far as I see it is a Pearson correlation addapted to show ranges from -100 to 100 instead of -1 to 1.
One version of Pearson correlation can be found here :
Pearson correlation. You might want to experiment with the length of correlation to get exactly the same values as mataf ones.
regards
mladen
Quote:
Originally Posted by leeb
Hey guys
Have seen some posts on here about correlation but does anyone know if there is an indicator to calculate correlation in MT4 as shown on mataf.net:
Forex Correlation - Mataf.net
I think this could be a really useful tool
Thanks ! |