Technical Indicators for MetaTrader 5

Correlation Power Inside

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Information

Indicators
MetaTrader 5
LIUDMILA IARTSEVA
1.0
5

Overview

The multi-currency indicator for MT5 can be set on the chart of any of the 28 currency pairs formed by 8 currencies (USD, EUR, GBP, AUD, NZD, CAD, CHF and JPY), for example, on EURUSD, H4. The indicator is designed to determine the correlation of 8 currencies expressed in graphic form. Currency indices have flexible smoothing settings and are not redrawn.

The screenshots show an example of the "Reverse" strategy on the H4 period. Set The Indicator Option in RSI-MA-50 USD, the rest of the default settings. In addition to the USD index, three other EUR, CHF and JPY indices are used. If after the candle closed the EUR index below crossed 50 (USD), CHF and JPY below EUR and CHF the lowest of them - open a position for sale USDCHF, as the first currency in the pair (USD) above the second (CHF). Mirror for the position to buy USDCHF. Same with other currencies. The position closes when a new signal appears on the deal, except for the signal on the same pair in the same direction. According to this strategy, the signal for opening and closing of the transaction is always ahead. Take Profit and Stop Loss are implemented in the form of a signal to the reverse - it is the market and the best option, which allows you to take the maximum profit and without delay to close the position.

External settings

◾ IndexAppliTo - index price option

◾ Depth - depth of display of the indicator in candles

◾ IndicatorOption - options for smoothing indices: MA (indices are smoothed by MA), RSI-MA (RSI indices smoothed by MA), RSI-MA-50 USD (RSI indices are smoothed by MA, USD index is at 50 and other indices are moved to about 50)

◾ RsiPeriod - period RSI

◾ MaPeriod - period MA

◾ MaMethod - smoothing method MA

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If for any reason you do not like the purchased program, you can request a refund within 14 days from the date of purchase. You can also make an exchange for any other product at an equal cost or by paying the difference.

Simply send a request for refund or exchange with your order number by email: eaforex.market@gmail.com.

Refund requests received more than 14 days after purchase will be rejected.

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