[help needed] mt4 new indicator request: co-eff of 2 pair?? | Forex Factory

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[help needed] mt4 new indicator request: co-eff of 2 pair??

  • #1
  • First Post: Edited 9:05am Apr 28, 2009 7:20am | Edited 9:05am
hi guys

I want to plot this co-eff of 2 chart from mt4.

correlation co-efficiency ratio of
dow(WSFUT) vs DAX by mt4?

8000 vs (4589*1.3)=1.34 (1.3 is E/U at the date)
6600 vs (3600*1.3)=1.38

from the short term it's almost a fixed value seems... I want to plot that ratio over time to prove my understanding that co-eff is almost fixed.

is there a way I can plot dow/DAX chart by mt4 functions?

http://www.forexfactory.com/attachme...1&d=1240926785
  • #2
  • Apr 28, 2009 8:46am Apr 28, 2009 8:46am
Quoting billye
hi guys

I want to plot a correllation co-efficiency of 2 pair.

for example

one is USD/CHF price chart from mt4 data, (now 1.16)
other is GOLD/USD price chart from mt4 data. (now 900)

I want to know
USD/CHF divided by GOLD/USD
and plot this as a new pair over time since now and till future (prefer also history data)

is there a way I can do this in mt4?

thanks


you can understand as I have E/U chart and G/U chart from mt4 and I want to get a E/G chart not from broker but via mt4 calculations. thanks a lot!
Put in algebraic terms:

Pair1 / Pair2 = What you call CoEff
So it would be a line graph or a histogram?

It would be in a spereate window, because it would not be in the same scale as any chart you put it on.

Would you use closed prices, or (h+l)2 (median), or (h+c+l)3 (typical), or ( h+l+c+c)/4(Weighted)

Your request is very vague. Please clarify
  • #3
  • Apr 28, 2009 9:03am Apr 28, 2009 9:03am
hi scott, okey actually I want to plot this co-eff

correlation co-efficiency ratio of
dow(WSFUT) vs DAX by mt4?

8000 vs (4589*1.3)=1.34 (1.3 is E/U at the date)
6600 vs (3600*1.3)=1.38

from the short term it's almost a fixed value seems... I want to plot that ratio over time to prove my understanding...

http://www.forexfactory.com/attachme...1&d=1240926785
  • #4
  • Apr 28, 2009 11:20pm Apr 28, 2009 11:20pm
yes, I just want
Pair1 / Pair2 = What you call CoEff
So it would be a CoEff-time graph.

can I do it with some mt4 functions?

Quoting smjones
Put in algebraic terms:

Pair1 / Pair2 = What you call CoEff
So it would be a line graph or a histogram?

It would be in a spereate window, because it would not be in the same scale as any chart you put it on.

Would you use closed prices, or (h+l)2 (median), or (h+c+l)3 (typical), or ( h+l+c+c)/4(Weighted)

Your request is very vague. Please clarify
  • #5
  • Apr 29, 2009 7:52pm Apr 29, 2009 7:52pm
You can plot it in the same window but you have to scale it. Someone posted an indicator on FF to do that. I think it is called CHART OVERLAY.
  • #6
  • Last Post: Apr 30, 2009 11:10am Apr 30, 2009 11:10am
Quoting PipForceA
You can plot it in the same window but you have to scale it. Someone posted an indicator on FF to do that. I think it is called CHART OVERLAY.
thank you,

can I plot the curve that equal to pairA divided by pairB?

for example I have E/U chart and G/U chart now,
I want to calc a E/G ratio by myself and plot it.
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