Summary of 📥Currency Pairs Correlation Indicator for MetaTrader 4/5 Download - Free - [Trading Finder]📥
The video presents a tutorial on using a currency pairs correlation indicator for MetaTrader 4 and 5, available for download from the Trading Finder website. The main financial strategies and methodologies discussed include:
Main Financial Strategies and Features:
- Correlation Analysis: The indicator calculates the correlation between two currency pairs, initially set to USD and USD/CHF.
- Visual Representation: It displays results on the chart with blue and orange lines representing the two currency pairs.
- Histogram Activation: A histogram is activated based on the positions of the two currency pairs relative to specified trigger levels, showing green or red based on their correlation status.
- Customization Options: Users can customize the display settings (light, dark, or custom templates) and adjust various parameters such as moving average periods and calculation types.
Step-by-Step Guide:
- Download the indicator file from the Trading Finder website.
- Drag the file onto the MetaTrader chart.
- Ensure the "Allow DLL Imports" option is activated in settings.
- Adjust the display settings (light, dark, or custom template).
- Set the first currency pair (default is Euro/USD) and adjust moving average settings.
- Choose the calculation type (closing, opening, highest, lowest price).
- Apply an additional moving average to smooth out market fluctuations.
- Set the second currency pair (default is USD/CHF) and repeat the adjustment process.
The video concludes by inviting viewers to share their comments and suggestions.
Presenters/Sources:
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Category
Business and Finance