Correlation Matrix plug-in
Do you know what a “correlation coefficient” is and how to calculate it?
Сorrelation of currency pairs shows how unidirectional (or multidirectional) they were moving in the past, basing on the previous market data. The correlation coefficient, a number between ‘-1’ and ‘1’, indicates the degree of foreign currency instruments correlation with each other. Correlation of ‘-1.0’ indicates a perfect negative correlation, while the correlation of ‘1.0’ indicates a perfect positive correlation.
You can examine its behavior by using “Correlation matrix” plug-in. It gives the possibility to build the matrix of correlation coefficients of instruments for different time periods. Thus you will be informed about their increasing/decreasing by color changing. The simple interface allows you to use the plug-in in the fastest and the most efficient way.
Please use this manual "How to install trade Plug-in to PTMC trading platform"