Burhay Vlad 09.11.2016
Currency correlation indicator
Simple but yet powerful tool to enhance a market sense of correlated trend movements between different instruments with the ability to examine values in the past.
Two purposes this indicator serves as its best. First is to avoid conterminous tradings with correlated instruments, secondly is opposite to first idea, it prompts to find potential trades among highly correlated instruments. These unique features may be a good boosting technique to any successful market strategy which recalls simple rules: while indicator value reaches 1, it signals a matching trend with the comparable instrument. Same as value -1 points on contrariwise price movement.
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