MT4 Correlation Trader
The Correlation Trader shows the correlation between symbols over a configurable timeframe, e.g. recent H1 bars.
Correlation is measured on a scale from -100 to +100:
- +100 means that the price movements in symbol A and B have been identical (“positive correlation”).
- -100 means that the price movements in symbol A and B have been exactly opposite: A went up when B went down, and vice versa (“negative correlation”).
- 0 means that the symbols have moved independently.