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  #1 (permalink)  
Old 11-25-2008, 12:10 PM
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Pearson correlation

There had been a lot of "systems" lately relying on symbols correlation
Might be interesting to actually see correlations with an indicator like this (based on math, not experience or assumption)

Pearson correlation (among other things) explained : Correlation - Wikipedia, the free encyclopedia

PS: colors should be defined on the inputs tab, not the colors tab. Also, you can enter more than 8 symbols in the symbols list, but only first 8 will be taken into consideration, the rest is going to be ignored (the everlasting metatrader restriction of 8 "drawable" buffers)
PPS: updated indicator to manage mini and micro accounts correctly
Attached Images
File Type: gif pearson.gif (17.6 KB, 1840 views)
Attached Files
File Type: mq4 Pearson.mq4 (8.9 KB, 436 views)

Last edited by mladen; 11-26-2008 at 08:36 AM. Reason: indicator update
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Old 11-25-2008, 04:36 PM
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Too Cool!

Nice indicator Mladen, Thanks a lot!
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Old 11-25-2008, 04:46 PM
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Thumbs up

Thank you for sharing mladen, looks very interesting.

Cheers

Ethan Hunt
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Old 11-25-2008, 11:39 PM
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thanks

thx mladen
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Old 11-26-2008, 02:16 AM
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thx, Mladen ! interesting, would it work - on single currency (Pearson correlation let's say price to MA or momentum -like)?
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Old 11-26-2008, 03:25 AM
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I just get a blank indicators window.

I even tried putting the m behind the symbol. No luck.
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Last edited by Kenny Rogers; 11-26-2008 at 03:28 AM.
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Old 11-26-2008, 05:49 AM
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Quote:
Originally Posted by Kenny Rogers View Post
I just get a blank indicators window.
I even tried putting the m behind the symbol. No luck.
it has all of it - thats something else (looks like nobody else has this problem - must be something on your side)
//
if (IsMini()) addition="m";
if (IsDoubleDotted()) addition="..";
else if (IsDotted()) addition=".";
//

Last edited by fxbs; 11-26-2008 at 05:53 AM.
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Old 11-26-2008, 08:04 AM
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Quote:
Originally Posted by fxbs View Post
it has all of it - thats something else (looks like nobody else has this problem - must be something on your side)
//
if (IsMini()) addition="m";
if (IsDoubleDotted()) addition="..";
else if (IsDotted()) addition=".";
//
hi fxbs, it doesn't work on Ibfx mini for me either but its running OK on WHC guess it has something to to with the mini account.
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Old 11-26-2008, 08:05 AM
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Found an error in the code regarding mini and micro accounts Please download this version or re-download the updated version from post 1

regards
mladen

Quote:
Originally Posted by Forexcashman View Post
hi fxbs, it doesn't work on Ibfx mini for me either but its running OK on WHC guess it has something to to with the mini account.
Attached Files
File Type: mq4 Pearson.mq4 (8.9 KB, 366 views)

Last edited by mladen; 11-26-2008 at 08:44 AM.
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Old 11-26-2008, 10:00 AM
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Thank you mladen.
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