Name: Pearson correlation indicator – indicator MetaTrader 5
Brand: RobotFX
SKU: 20406
Price: 4.89 USD
Availability: InStock
Rating: 5 (75 reviews)

Pearson correlation indicator shows the correlation between symbols.

Input parameters:

Symbol – Name of the second symbol, used for calculation of correlation;
Period – Period;
Price – Applied price;
Min correlation – Gradient color for weak correlation;
Max correlation – Gradient color for strong correlation.

Formula:

where:

xi and yi – time series;
n – number of data;
σx and σy – standard deviations.

Pearson correlation indicator – indicator MetaTrader 5

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Alternative: Momentum deviation bands - indicator MetaTrader 4

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