The Correlation Forex MT4 indicator displays correlation between the EUR/USD and USD/CHF pair in real-time.
Currency traders are well aware of the fact that when the Euro/U.S. dollar pair is moving up, the U.S. dollar/Swiss Franc pair is moving down.
The correlation indicator shows you how correlated both pairs are at any given moment.
Some forex trading strategies and systems take advantage of the correlation between 2 currency pairs.
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Download the “correlation-between-usdchf-and-eurusd.mq4” MT4 indicator
Indicator Chart (EUR/USD D1)
The EUR/USD Daily chart below displays the Correlation Metatrader 4 Forex indicator in action.
Basic Trading Signals
No trading signals from the Correlation MT4 forex indicator.
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Download the “correlation-between-usdchf-and-eurusd.mq4” Metatrader 4 indicator
MT4 Indicator Characteristics
Currency pairs: EUR/USD and USD/CHF
Platform: Metatrader 4
Type: Chart pattern indicator
Customization options: Variable (currency) Colors, width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Type: correlation
