Hello! I was wondering if anyone around here knows of an indicator that calculates the correlation (pearson or spearman method) between current instrument, and inserted other instruments. The only major difference here however is that it should not calculate on a fixed (MTF) timeframe (all do), but instead the user is able to select a <start> and <end> server timestamp; a custom time.
With the above the user is able to measure correlation between instruments on specific price waves so to speak. A pretty interesting idea if you ask me!
I tried to make a correlation table with excel, but the problem that remains is that i have to export history as an excel document from MT4, and modify the start and end dates manually, each session.. Alot of work that could probably be automated with an indicator. I hope. Any help is more than welcome. Robert.
With the above the user is able to measure correlation between instruments on specific price waves so to speak. A pretty interesting idea if you ask me!
I tried to make a correlation table with excel, but the problem that remains is that i have to export history as an excel document from MT4, and modify the start and end dates manually, each session.. Alot of work that could probably be automated with an indicator. I hope. Any help is more than welcome. Robert.