MT4 MTF Correlation table and Correlation oscillator indicators

is there a working version of the mtf multipair correlation indicator or ea

i tried to download the indicator in the threads first post but it wasn't a mt4 mql

in need of mtf correlation indicator as shown int he screenshot in post number 1 and 3

please advise

thanks

Chris

Hi Chris,

1. Search for the libinetty47-stats-0.1.1.dll in the mt4-libs-0.1.1.zip file (attached in the first post). The dll file is in the mt4-libs-0.1.1/stats/libraries folder.

2. Put the dll file in your MQL4/libraries folder.

3. Download one of the two indicators from #post 55, and put it in your MQL4/indicators folder.

4. Restart mt4.

That should work.

thank you kindly. that was very helpful. so nice to have good helpful company. is there any advantage to the indicator in this thread with its libraries versus the user friendly version posted by swingman

http://www.forexfactory.com/showthre...73#post8199073

to have real time and mutlti-timeframe ablility, what is the best solution

am in need of actual real time solution thee is a paid one here http://www.fxalgotrader.com/Products...Indicator.html but i'm always finding the free indicator is better in most cases. all appreciated

thanks again


Chris

Thanks for the indi.

But how do we trade with this indicator after finding high correlation pairs?

there was suggestion by trader named nasap in the 00 thread to use currency strength + correlation for successful scalping trades with a claim of 97% of the time winners. Jibala claims to be her student. assuming its true that would be worth a look. more info can be found in the dashboard trading thread and the 00 thread

http://www.forexfactory.com/showthread.php?t=487923

http://www.forexfactory.com/showthread.php?t=532236

just read jibalas post marias posts and nasaps posts..wont take very long if you do that

also another thread here>>> http://www.forexfactory.com/showthread.php?t=561309

hope its helpful.

Hi Dagoods,

The primary reason for breaking the functionality up is that I (was) using those functions across multiple indicators, scripts and EAs. So it reduced code bloat and reduced the repetition in the source (reducing bugs).. If you look at the more recent versions of MT4 most of the functions in the public versions of these MQL libraries are now available in MT4 (build 600 and greater). I also have unit tests for the functions so I knew the code I was using and what conditions it worked under - very important for EAs.

I'm not actively maintaining this code anymore - I'm avoiding MT4 where ever possible e.g. most of my code is in C++ which I'm not willing to post here because its just to hard for most who are programmers to build them - also some the code is code that I just don't want to share.

Hope that helps.

9047.

Hi ShowMe,

I use correlation as apart of a broader strategy. I look at MTF and that combined with some other techniques allows me to scalp any misalignment within a highly correlated pairs. Its almost like spread trading e.g. the Aussie 10 yr note against the 10 yr US Treasury note. I also use it when levels trading (H1 and higher TF) as a quick check to ensure I'm not over extend my risk e.g. by getting long or short in 2 correlated pairs, or get long and short in 2 negatively correlated pairs.

Hope that helps.

9047.

9047

I thank you for your most selfless contribution and this indicator should be in every serious traders' pocketbook.

I've been testing a strategy using your great correlation table tools as a pre-entry screening criteria, just to let you know that your work made a difference.

It is rather unfortunate to see most people are looking for a trade-easy-system-handout, yet contributors in FF did not get proper respect for their works.

You have mine.

Thank you.

Thanks for indis 9047, I have done all that you have suggested on first post but my indicators dont work. When I try to load them on the chart nothng happens. I'm using windows 7 and mt4, version 4.00. Build 950. I wonder what could be wrong, pls help.

Kind Regards

Abzozo

Hi Abzozo,I haven't run the on MT4 since build < 600. Build 600 introduced a lot of changes. I am coming bavk to MT4 for some of my trading. I'll looking into some of the issue and update the indie over the next week or 2.In the interim could you provide some information from the error logs so I can get a feel for some of the errors?

Regards
9047.

Hi 9047

When I try to load the indicator on mt4 chart, nothing happens. Last time an indicator did something like this, my broker suggested that the indicator might be incompatable with the latest mt4 build.

Kind Regards

Abzozo

O.K. no worries. Your broker is correct - most of the supporting libs I wrote (at least the cut down ones made available with this indicator) are now apart of the libraries that come with MT4.
Bringing a up new VM today and will put my dev tools on it as well as a the latest MT4.

ok thanks once more, much appreciated.

Abzozo

Hi 9047

Do you have any progress/update?

Kind Regards

Abzozo

Just got back from an impromptu lengthy ski trip (Japan + Heli skiing = happiness).... will start work in this on Monday. Should take 3-4 days (given limited time etc).
Will update the UI (MT4/5) has some nice new features in it and MQL4/5 is looking more like C++ (finally getting better).

Got the oscillator up and running today. Will work on the MTF table (with a nicer UI on Friday).
Will post something meaningful then.

Ok thank you, much appreciated.

Kind Regards

Abzozo

A quick patch get it running again and to give you something to keep you going/get you started whilst I find time spend time on v2.0.

Attached to this post is v1.1.

Changes are:

1. no DLL dependencies (it does run a bit slower)
2. no Library dependencies just one EX4 file to install in your indicators folder.
3. closed source e.g. no MQ4 available.

Known issues:

1. make you sure you have loaded data for each time frame and symbol you want to calculate the Correlation for. MT4/5 doesn't supply an easy way to force the terminal to load data for charts that aren't displayed ... yep that is an oversight for anyone trying to build a multi-symbol EA etc.

Installation:

1. Copy the attached EX4 file (ninety47_CorrelationTable_v1.1.ex4) into your indicators folder look under C:\Users\YOUR_USERNAME\AppData\Roaming\MetaQuotes\Terminal\HASH_ID_FOR_YOUR_TERMINAL\MQL4\Indicators

Build note:

1. Built using MetaEditor (Version 5.00 Build: 1241)
2. Runs on MetaTrader 4 (Version 4.00 Build: 950 23 December 2015)

Screen shot:

Version 2 features will included:

1. From the chart users will be able to:
   1. Add or remove Symbols (table rows)
   2. Add or remove time frames (table columns)
   3. Edit the correlation calculation period for a time frame (table column)
   4. Edit the time frame value for a row.
   5. Edit the symbols being used in a column.

   
   
   

2. Symbol names will be "automatically" populated from the terminal (with some minor help from the user to work with/around the MT4/5 sandbox).
3. Better configuration of colours etc.
4. Possible support for publishing correlation values via:
   1. AMQP (over HTTP)
   2. Other TCP and UDP protocols (think talking to Linux/Unix systems not Windows).

   
   
   

Version 2 will be:

1. closed source.
2. Used as a framework to provide other useful indicators
3. Be more extensible to allow extra features to be added e.g. correlation and major-minor pair alignment checks/signals etc.

New minor release - version 1.2.

Implementation of a feature request from @tardigrade for Spearman's rank correlation coefficient.

Spearman's method is the Pearson product moment correlation of the ranks of 2 series hence it is less affected by outliers. Pearson's is the default calculation method for the indicator. For more information on Spearman's rank correlation coefficient visit:

1. https://en.wikipedia.org/wiki/Spearm...on_coefficient
2. https://en.wikipedia.org/wiki/Ranking
3. https://statistics.laerd.com/statist...ical-guide.php
4. https://statistics.laerd.com/statist...ical-guide.php

Changes log:

1. Addition of Spearman's rank correlation coefficient (selected in indicator dialogue)
2. Minor cosmetic changes to the view.
3. Chart objects no longer selectable.
4. Some refactoring of source code.

Known issues:

1. make you sure you have loaded data for each time frame and symbol you want to calculate the Correlation for. MT4/5 doesn't supply an easy way to force the terminal to load data for charts that aren't displayed ... yep that is an oversight for anyone trying to build a multi-symbol EA etc.

Installation:

1. Copy the attached EX4 file (ninety47_CorrelationTable_v1.2.ex4 ) into your indicators folder look under C:\Users\YOUR_USERNAME\AppData\Roaming\MetaQuotes\Termina l\HASH_ID_FOR_YOUR_TERMINAL\MQL4\Indicators

Build notes:

1. Built using MetaEditor (Version 5.00 Build: 1342 1 June 2016)
2. Runs on MetaTrader 4 (Version 4.00 Build: 971 7 June 2016)

Screen shots:
Indicator in action.

Changing the correlation calculation method.


Notes:

1. Version 2 development is on hold due a stronger focus on system development (in short I don't have time to write MT4 GUI widgets). If anyone is desperate for the above functionality I'm happy to get paid .... but I'm expensive.

Warranty:

1. This indicator is provided as is and free of charge.
2. You use it 100% at you own risk.
3. I provide NO guarantees about the accuracy of the calculations and the underlying source code being correct and error free.