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  #1 (permalink)  
Old 10-25-2005, 04:53 PM
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Correlation indicators

a nice indicator i think green GBP /red USD se the pic
Attached Images
File Type: gif mindex.gif (37.0 KB, 7549 views)
Attached Files
File Type: mq4 MIndex.mq4 (1.8 KB, 2310 views)
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Old 10-30-2005, 01:29 PM
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correlation indicators

I only see the red when i placed the indicator.
Any suggestion?
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Old 10-30-2005, 09:10 PM
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what is telling you this indicator? How do you use it?
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Old 11-06-2005, 04:09 PM
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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
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Old 11-06-2005, 04:13 PM
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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 06:02 PM.
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Old 11-06-2005, 06:34 PM
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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 06:40 PM.
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Old 11-06-2005, 08:00 PM
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Thank you sailor and lowphat,

what point do you use to enter your trades, based on this indicator?
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Old 11-06-2005, 08:24 PM
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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 :-)
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File Type: gif eurgbp mindex 60 min.gif (35.8 KB, 6406 views)
File Type: gif eurusd mindex 60 min.gif (34.0 KB, 5907 views)
File Type: gif gbpusd mindex 60 min.gif (34.4 KB, 5759 views)
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Old 11-06-2005, 08:39 PM
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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.
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File Type: jpg mindex crosses 1.jpg (129.9 KB, 5988 views)
File Type: jpg mindex crosses 2.jpg (135.5 KB, 5736 views)
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Old 11-06-2005, 08:47 PM
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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.
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