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Correlation MA

  • #1
  • First Post: Aug 23, 2008 9:57am Aug 23, 2008 9:57am
Hi guys, based on the OverLay indicator by SBT i've develop an MA correlation, this MA will show the prices like an normal MA but for other pair on your chart.

A picture explain everything more clear i think...

I still need help and working on a Signal when this MA cross the other pair and the people can have a way to choose wich MA type they want for the other correlated pair.

Hope we can develop an EA or new trading system based on this indicator.

The new options are:
MA price => close, high, low, or open
MA_line_height => the height of the ma, can be any number
MA_color => the color of the MA
ShowCandles => turn on/off the candles overlay
ShowMA => turn on/off the MA

I'm still working on how to define the MA type, like SMA, EMA, LWMA, etc

Kindest regards,
Thomas
Attached Image (click to enlarge)
Click to Enlarge Name: ma-correlation.GIF Size: 50 KB
Attached File(s)
File Type: mq4 OverLayChart-MA.mq4   11 KB | 1,119 downloads
  • #2
  • Aug 23, 2008 11:03am Aug 23, 2008 11:03am
Turbano - Nice work, one Note - I had to remove the m (USDCHFm) in the symbol entry for it to display on my charts.
Are you planning on making a correlation for all 4 majors.
Cable, Euro, Swissy, and Yen would be cool to see them all on the same screen.
In trading, there is no bullshit. You either make money or you don't.
  • #3
  • Aug 24, 2008 1:44am Aug 24, 2008 1:44am
Hi,

Nice work !

Keep pushing....
  • #4
  • Aug 24, 2008 2:05am Aug 24, 2008 2:05am
i echo everyone's sentiment

"nice work."
  • #5
  • Aug 24, 2008 5:23pm Aug 24, 2008 5:23pm
Beautiful,thanks for sharing!
I can also use it on my mt4 platform for CFD,Indexes,nice.
I already noticed if you put GBP/JPY or USD/JPY MA
on WS(Dow Jones)Index CFD,you'll see that when WS candles/price is under USD/JPY or GBP/JPY MA,it really looks like price is trying to catch up w/MA and once it popped above it price tends to not stay above the line for a long time,and go under the line and trend down again,
Also nice pair to do is USD/NOK w/ OIL MA,mirroring.
Or I tried SP and some bank stocks,looks real interesting.
Worth the investigating IMO.
Boyy,trap money,like bear hunters.
  • #6
  • Aug 25, 2008 5:43am Aug 25, 2008 5:43am
Have you tested this for repainting ?
I have read where similar indicators, over lay are repainting

Quoting turbano
Hi guys, based on the OverLay indicator by SBT i've develop an MA correlation, this MA will show the prices like an normal MA but for other pair on your chart.

A picture explain everything more clear i think...

I still need help and working on a Signal when this MA cross the other pair and the people can have a way to choose wich MA type they want for the other correlated pair.

Hope we can develop an EA or new trading system based on this indicator.

The new options are:
MA price => close, high, low, or open
MA_line_height => the height of the ma, can be any number
MA_color => the color of the MA
ShowCandles => turn on/off the candles overlay
ShowMA => turn on/off the MA

I'm still working on how to define the MA type, like SMA, EMA, LWMA, etc

Kindest regards,
Thomas
  • #7
  • Last Post: Aug 25, 2008 9:00am Aug 25, 2008 9:00am
Thanks all for the reply, it doesn't repaint because it is an MA basd on the close price of the other pair so, unless the close changes it does not repaint.

I want to know what broker offer Down Jones etc in MT4, i heard that Down jones and USD/JPY are highly correlated so would be interest to see how can we forecast usd/jpy using other markets.

I use IBFX and it only offers forex pairs none CFD or other market avaiable for analysis, if someone know a good broker that offer as much as we can get to test correlation would be cool.
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