The Currency Pair Correlation Table indicator for Metatrader 4 (MT4) displays correlation between different currency pairs in a handy dashboard.
The indicator pops up in a separate MT4 chart window as an advanced dashboard that displays the correlation data analysis.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download
Download the “icorrelation-table-indicator.mq4” indicator for MT4
Indicator Chart (EUR/USD M5)
The example chart below displays the Currency Pair Correlation Table mt4 indicator in action on the trading chart.
Tips:
Feel free to use your own favorite trade entry, stop loss and take profit method to trade with the Currency Pair Correlation Table indicator.
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
Please note that even the best trading indicator cannot yield a 100% win rate over long periods.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Trade Style: Works for scalping, day trading and swing trading
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: Correlation
Does the indicator repaint? No.
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Download the “icorrelation-table-indicator.mq4” indicator for Metatrader 4