Indicator is a simplified version of the indicator TiModel Correlation. 

Suitable for both intraday (M1, M5) and for position trading (H1, D1). 

The indicator does not redraw the history and meaning of the redraw on the zero bar. 

Through the application of the methods of normalizing indicator works in all markets and instruments.

 

Principle of operation 

On the basis of quotations generated model trend. In the graph it is displayed as a broken line. Dynamics of the model can be changed by specifying a different value of the threshold settings. 

Further, according to the constructed model (not the bars) using correlation coefficient selected by the most correlated with the instruments traded currency pairs and displayed on the chart.

 

Benefits 

Due to the fact that the model is a filter that displays only significant movement of the tool, the search for the most correlated instruments for more accurate. This algorithm is the most important point of the indicator. This distinguishes it from other technical products using correlation methods and multi-analysis.

 

The main parameters 

• LengthSample, bars - the length of the historical data (sampling) in bars. 

• Threshold, pips - dynamics of the model (the threshold) in points. 

• Recommended Threshold, pips - the recommended threshold in points. This option is dynamic, it changes and it depends on the instrument and the sample size. 

• Green - the color of the traded instrument. 

• Yellow - the correlated instrument. 

• Orange - a tool with a correlation coefficient of less than "yellow." 

• Red - a tool with a correlation coefficient of less than "orange".

 

Notes 

• The correlation coefficient is taken modulo, ie graphics selected as a positive correlation coefficient and negative.

• List of analyzed tools: EURUSD, GBPUSD, EURGBP, EURAUD, EURJPY, EURCAD, USDCHF, EURNZD, AUDUSD, USDJPY, NZDUSD, GBPJPY, GBPAUD, GBPCHF, GBPCAD, GBPNZD, AUDJPY, AUDCAD, AUDNZD, NZDJPY, CADJPY.

• The size of the threshold affects the number of inflection points. The smaller the threshold, the more light will draw lines and vice versa.