http://www.myfxbook.com/forex-market/correlation
Hi
anyone knows what's the formula used to calculate the numbers in the link?
Hi
anyone knows what's the formula used to calculate the numbers in the link?
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DislikedIf we there are two series X and Y of size N, to compute correlation coefficient one needs to do the following. 1. Calculate average of X and Y. Xav = SUM(Xi)/N and Yav = SUM(Yi)/N where Xi and Yi are individual numbers in series. 2. Calculate the correlation coefficient R = SUM((Xi - Xav) * (Yi - Yav)) / SQRT(SUM(Xi - Xav)**2) * (Yi - Yav)**2) See http://bfy.tw/4Sci Also there are plenty of correlation indicators for MT4: http://bfy.tw/AZKZIgnored
DislikedSee http://bfy.tw/4Sci Also there are plenty of correlation indicators for MT4: http://bfy.tw/AZKZIgnored