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Buy And Sell Correlation Forex Indicator

A buy and sell correlation signals Forex indicator based on the cross-over of two lines.

Feel free to experiment with the slow and fast period to optimize the results for you.

Trading Signals

Buy: Blue arrow (red line crosses the green line from below)

Sell: Yellow arrow (red line crosses the green line from above)

Tips:

Uptrend: trade the blue arrows, ignore the yellow arrows.
Downtrend: trade the yellow arrows, ignore the blue arrows.
Range: use in conjunction with support and resistance.

Indicator Preferences

Currency pairs: any
Preferred Time frames: any
Sessions: any

Download

Download the Correlation-mt4.mq4 indicator.

Configurable Indicator Options

PCPeriod_fast, PCPeriod_slow, SmPeriod_fast, SmPeriod_slow, colors

EUR/USD 1 Hour Chart Example

correlation-metatrader4-indicator

How to install the Buy And Sell Correlation custom indicator in Metatrader 4?

  • Download the Correlation-mt4.mq4 indicator to your computer.
  • Open your Metatrader 4 platform.
  • Open the data folder from the top menu.
  • Open the MQL4 folder.
  • Open the indicators folder.
  • Paste the indicator file in this folder.
  • Restart the trading platform.
  • Open any trading chart.
  • Attach the indicator to the chart.