Tradable Correlations 1.8 2
From the Old Kings archive: Tradable Correlations 1.8 2, an indicator for MetaTrader 4. In the code it works with the Stochastic oscillator. It can send alerts and shows an on-chart panel. It has 28 settings, for example Pos Alert On (default true), Pos Email On (default true) and Neg Alert On (default false). Load it on a demo chart and check whether its signals repaint before trusting them. 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 Tradable Correlations 1.8 2
Tradable Correlations 1.8 2 is an indicator for MetaTrader 4 based on Stochastic. It can alert you with a pop-up, sound, email or push message and shows several symbols in one panel. It has 28 settings, such as Pos alert on, Pos email on and Neg alert on. MQL source code included.
Files in the download: Tradable Correlations 1.8.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Pos alert on | true | Turn this alert on or off |
| Pos email on | true | Turn this alert on or off |
| Neg alert on | false | Turn this alert on or off |
| Neg email on | false | Turn this alert on or off |
| Show only hedged pairs | false | |
| Alert time | 0 | Zero = chart time frame |
| Correlation periods | 50 | Number of bars in the calculation |
| Correlation time frame | 1440 | Period or timeframe used by the calculation |
| Positive above | 75 | |
| Negative below | -100 | |
| Show only spd below | true | |
| Max spread pips | 100 | Maximum spread allowed to trade |
| Show only cand s | true | |
| Stoch threshold | 80 | |
| Stoch time frame | 5 | Period or timeframe used by the calculation |
| Use close diff | false | |
| K | 100 | |
| D | 1 | |
| S | 1 | |
| Font size | 10 | |
| Sort by columns | true | |
| Columns | 3 | |
| Rows | 22 | |
| X spacing | 300 | |
| Y spacing | 17 | |
| Positive color | Aqua | Colour on the chart |
| Negative color | Red | Colour on the chart |
| Title color | Yellow | Colour on the chart |
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: Alerts · Dashboards & Scanners · Stochastic · MT4 Indicator · MQL4 Source Code