Forex
Google

Go Back   Forex Trading > Downloads > Indicators - Metatrader 4
Forex Forum Register FAQ Members List Calendar Search Today's Posts Mark Forums Read


Register in Forex TSD!
Trading Systems Leaders in this forum (automated trading systems) are winning more than 3000 pips in a month (30000$ investing one lot every time).
Click here to register and get more information

Reply
 
LinkBack (8) Thread Tools Display Modes
  6 links from elsewhere to this Post. Click to view. #1 (permalink)  
Old 10-25-2005, 03:53 PM
sailor sailor is offline
Senior Member
 
Join Date: Oct 2005
Posts: 223
sailor is on a distinguished road
Correlation indicators

a nice indicator i think green GBP /red USD se the pic
Attached Images
File Type: gif mindex.gif (37.0 KB, 3460 views)
Attached Files
File Type: mq4 MIndex.mq4 (1.8 KB, 1247 views)
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #2 (permalink)  
Old 10-30-2005, 12:29 PM
aelimian aelimian is offline
Senior Member
 
Join Date: Sep 2005
Posts: 241
aelimian is on a distinguished road
correlation indicators

I only see the red when i placed the indicator.
Any suggestion?
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #3 (permalink)  
Old 10-30-2005, 08:10 PM
ttitto ttitto is offline
Junior Member
 
Join Date: Oct 2005
Location: Bulgaria
Posts: 6
ttitto is on a distinguished road
what is telling you this indicator? How do you use it?
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #4 (permalink)  
Old 11-06-2005, 03:09 PM
sailor sailor is offline
Senior Member
 
Join Date: Oct 2005
Posts: 223
sailor is on a distinguished road
used to se wich currency is stronger than other also usefull to se if currencie pair moves in same direction or not... Here is a web page with an excel based correlation spreadsheet also nice and may explain correlation better than i can do :-) http://www.mataf.net/en/analysis-correlation_id.htm Enjoy and happy trading

Sailor from denmark
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #5 (permalink)  
Old 11-06-2005, 03:13 PM
sailor sailor is offline
Senior Member
 
Join Date: Oct 2005
Posts: 223
sailor is on a distinguished road
Often i like to make 3 trades based on EURUSD GBPUSD and EURGBP at same time im bad to explain in english :-( so hope u find the home page usefull


Try and put Mindex with EUR - USD and GBP in same window (Drag and drop )Also use the option box to change colors if u want



Sailor from denmark

Last edited by sailor : 11-06-2005 at 05:02 PM.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #6 (permalink)  
Old 11-06-2005, 05:34 PM
lowphat's Avatar
lowphat lowphat is offline
Senior Member
 
Join Date: Sep 2005
Posts: 199
lowphat is on a distinguished road
add a GBP/USD chart. add the indicator to the chart and in properties u notice its set for usd so it will show usd data. now add another instance of the indicator to the same window and change properties to GBP and change the color if you like and then it will show USD and GBP's data on the same window

Last edited by lowphat : 11-06-2005 at 05:40 PM.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #7 (permalink)  
Old 11-06-2005, 07:00 PM
ttitto ttitto is offline
Junior Member
 
Join Date: Oct 2005
Location: Bulgaria
Posts: 6
ttitto is on a distinguished road
Thank you sailor and lowphat,

what point do you use to enter your trades, based on this indicator?
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #8 (permalink)  
Old 11-06-2005, 07:24 PM
sailor sailor is offline
Senior Member
 
Join Date: Oct 2005
Posts: 223
sailor is on a distinguished road
Here at these charts eur is red gbp is yellow usd blue.... i see usd as strongest then gbp and last euro but this is a 60 min chart so the picture may not be the same in higher timeframes like every other indicators have good sites and bad sites... but i like the crosses, i have put it in with some examples (shapes). On the higher timeframes i use it as a leading indicator also and consider which currencie are strongest against other hopefully deciding which way to go :-)
Attached Images
File Type: gif eurgbp mindex 60 min.gif (35.8 KB, 2562 views)
File Type: gif eurusd mindex 60 min.gif (34.0 KB, 2129 views)
File Type: gif gbpusd mindex 60 min.gif (34.4 KB, 2001 views)
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #9 (permalink)  
Old 11-06-2005, 07:39 PM
ttitto ttitto is offline
Junior Member
 
Join Date: Oct 2005
Location: Bulgaria
Posts: 6
ttitto is on a distinguished road
sailor,

if you move the chart to the right or to the left side you can see that the three indexes change the places where they cross. Look the pictures i attached to see what I mean. How can you be sure it is the right cross?

BTW if you speak german better you could write in german.
Attached Images
File Type: jpg mindex crosses 1.jpg (129.9 KB, 2185 views)
File Type: jpg mindex crosses 2.jpg (135.5 KB, 1951 views)
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #10 (permalink)  
Old 11-06-2005, 07:47 PM
newdigital newdigital is online now
Administrator
 
Join Date: Sep 2005
Posts: 15,164
newdigital has much to be proud ofnewdigital has much to be proud ofnewdigital has much to be proud ofnewdigital has much to be proud ofnewdigital has much to be proud ofnewdigital has much to be proud ofnewdigital has much to be proud ofnewdigital has much to be proud of
Quote:
Originally Posted by ttitto
sailor,
BTW if you speak german better you could write in german.
We all from the different countries here and we have to use one language.
Please, in English only.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
Reply


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On
Forum Jump

LinkBacks (?)
LinkBack to this Thread: http://www.forex-tsd.com/indicators-metatrader-4/177-correlation-indicators.html
Posted By For Type Date
Correlation Between Pairs? - Forex Forum This thread Refback 05-31-2008 06:49 AM
Two Currency In One Chart Window This thread Refback 05-27-2008 05:15 PM
Displaying multiple instrument on a single chart This thread Refback 05-12-2008 08:53 AM
Correlation of Pairs Mix : Makes or breaks FFS trades ! This thread Refback 12-15-2007 03:39 AM
Correlation of Pairs Mix : Makes or breaks FFS trades ! This thread Refback 09-13-2007 12:33 PM
Correlation of Pairs Mix : Makes or breaks FFS trades ! This thread Refback 07-16-2007 06:39 AM
Onix > Кластерные индикаторы This thread Refback 07-12-2007 06:07 PM
Кластерные индикаторы - Onix (Страница: 42) This thread Refback 07-01-2007 06:03 PM

Similar Threads
Thread Thread Starter Forum Replies Last Post
correlation netk Suggestions for Trading Systems 25 08-18-2007 03:44 PM
FINEXX Correlation System EA tbreaker Expert Advisors - Metatrader 4 97 05-10-2007 07:51 AM
Correlation Index help! albedo Indicators - Metatrader 4 2 08-17-2006 04:43 PM
correlation analysis giraia_br Suggestions for Trading Systems 8 03-01-2006 05:43 PM


All times are GMT. The time now is 08:03 AM.