Request Corelation Indicator

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Request Corelation Indicator

Postby sebgautier49 » Wed Apr 19, 2017 9:56 am

Dear people,

I need to develop an indicator but i don't know how:
I will try to explain it :
First of all I am working Timeframe : 5 minutes
Then I need to see under the main window:
10000*(EUR CHF -(EUR USD * USD CHF))

How to use this indicator :
When the results is over 12 : buy EUR USD, USD CHF and Sell EUR CHF
When the results is under -12 : Sell EUR USD, USD CHF and buy EUR CHF

Sebastien
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Re: Request Corelation Indicator

Postby Apprentice » Wed Apr 19, 2017 4:17 pm

Try this version.
viewtopic.php?f=17&t=64609
Can you devise, a generic formula?
Which can be applied to any instrument.
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Re: Request Corelation Indicator

Postby sebgautier49 » Mon Apr 24, 2017 12:25 pm

Thanks you,

The generic formula is :
10000*(PAIR 3 -(PAIR 1 * PAIR 2))
Is it possible to choose the Time frame ?

Sébastien
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Posts: 13
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Re: Request Corelation Indicator

Postby Apprentice » Tue Apr 25, 2017 3:46 am

Insufficient description
Something like this.
10000 * (Currency1 / Currency2 - (Currency3 / Currency1 * Currency2 / Currency3))

Formula should respected, currency position in pair.

Anyone?
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Re: Request Corelation Indicator

Postby sebgautier49 » Tue Apr 25, 2017 8:05 am

Yes you are right the generic formula could be like this one :

10000 * ((Currency1 / Currency2) - ((Currency1 / Currency3) * (Currency3 / Currency2))
Is it possible to choose the time frame or to have 1 minute time frame

Thanks

Sébastien
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Posts: 13
Joined: Thu Sep 13, 2012 1:39 pm


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