FXCodeBase.COM: Forex Chart Indicators and Development

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.

Hi Apprentice, there is some problem when loading this indicator. I'm using TS-II dev. Can you please help me? Thanks. Catador

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

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.

There are no rules on the release frequency.

MTF MCP Correlation Added

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,

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

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.

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