Forex Currency Pairs Correlation Indicator
Forex Currency Pairs Correlation Indicator is an indicator for MetaTrader 4 from the Old Kings collection. Its source code uses moving averages. It has 14 settings, for example Active Level (default 3.618), Passive Level (default 1.618) and symbol1 (default EURUSD). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 1 indicator file with source code (.mq4) you can open and edit in MetaEditor. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Indicator · MT4 · v1.0 · Free
About Forex Currency Pairs Correlation Indicator
Forex Currency Pairs Correlation Indicator is an indicator for MetaTrader 4 based on Moving Average. It has 14 settings, such as Active level, Passive level and Symbol1. MQL source code included.
Files in the download: CurrencyPairsCorrelation.mq4, installation manual.txt.
Settings
| Setting | Default | What it does |
|---|---|---|
| Active level | 3.618 | |
| Passive level | 1.618 | |
| Symbol1 | EURUSD | |
| Ma period1 | 13 | Number of bars in the calculation |
| Ma method1 | 0 | |
| Ma price1 | 0 | |
| Ma avg1 | 5 | |
| Ma met1 | 0 | |
| Symbol2 | USDCHF | |
| Ma period2 | 13 | Number of bars in the calculation |
| Ma method2 | 0 | |
| Ma price2 | 0 | |
| Ma avg2 | 5 | |
| Ma met2 | 0 |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Indicators.
- Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
- Open the .mq4 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the indicator from the Navigator onto a chart and adjust the settings.
Tags: Moving Average · MT4 Indicator · MQL4 Source Code