Correlation Table

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Correlation Table

Postby Apprentice » Mon Nov 19, 2012 4:55 am

CT.png


Tables represents the correlation between the various currency pairs
The correlation coefficient highlights the similarity of the movements between two parities.
If the correlation is high (above 80) and positive then the currencies move in the same way.
If the correlation is high (above 80) and negative then the currencies move in the opposite way.
If the correlation is low (below 60) then the currencies don't move in the same way.

This tool can be useful for determining your Tradig strategy
particularly in relation to the position sizing and risk management.

Example
If you have two currency pairs in your portfolio,
you may think that you have a diversified portfolio.
It this pairs have a high correlation, Think again,
is in essence have two instance of the "same" currency.

CT.lua
(6.25 KiB) Downloaded 3595 times


MTF MCP Correlation.png

MTF MCP Correlation.lua
(7.25 KiB) Downloaded 1583 times

MTF Selectable MCP Correlation.lua
(7.75 KiB) Downloaded 1689 times
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Re: Correlation Table

Postby catador » Tue Dec 25, 2012 1:39 pm

Hi Apprentice, there is some problem when loading this indicator. I'm using TS-II dev. Can you please help me? Thanks. Catador
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2012-12-25_13-38-38.png
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Re: Correlation Table

Postby Apprentice » Wed Dec 26, 2012 4:51 am

Looks like a compatibility issue.
I uploaded a simplified version,
which should not have this problem.
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Re: Correlation Table

Postby catador » Wed Dec 26, 2012 6:51 pm

Please, ignore my previous post...
I had TS-II Dev (downloaded on Dec12-two weeks ago). As I was getting an error with this indicator and some others, I decided to uninstall TS-II Dev and reinstall a fresh download from today, Dec26. Now all of them run FINE!
Question: Should we users assume the beta version of TS-II Dev is being updated every few days (or weeks)?
Thanks.
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Re: Correlation Table

Postby Apprentice » Thu Dec 27, 2012 3:49 am

There are no rules on the release frequency.
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Re: Correlation Table

Postby Apprentice » Thu Nov 28, 2013 12:28 pm

MTF MCP Correlation Added
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Re: Correlation Table

Postby Taskryr » Sat Nov 30, 2013 2:39 pm

Hello,

Is it possible to limit the MTF version to just a few currencies? Everytime I load it 60 currencies load up. I don't need that many. Or am I just overlooking an option in the dialogue box?

Thanks,
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Re: Correlation Table

Postby Apprentice » Sun Dec 01, 2013 5:12 am

MTF Selectable MCP Correlation Added.
Allows selection of up to 10 currency pairs.
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Re: Correlation Table

Postby Taskryr » Tue Dec 03, 2013 2:38 pm

Thank you for the selectable file. However, the first currency is showing at 100 correlation on every use of the indicator. Not sure what to make of this.

This particular screen shot has EUR/CAD set as the calculation pair.
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MTF Selectable.JPG
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Re: Correlation Table

Postby Apprentice » Wed Dec 04, 2013 12:51 am

This is normal and expected,
as we compare USD / CAD with USD / CAD
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