The Currency Correlation and Gold indicator for MT4 reveals correlation between the 8 major currencies: EUR, GBP, AUD, NZD, CHF, CAD, JPY, USD and gold (XAU).
Trading Signals
Buy signal: Buy the strongest currency while simultaneously selling the weakest currency.
Sell signal: Sell the weakest currency while simultaneously buying the strongest currency.
Indicator Preferences
Currency pairs: any
Preferred Time frames: any
Sessions: any
Download
Download the correl8.mq4 indicator.
Configurable Indicator Options
iPRIPPeriod, iPrice, RangeMode, TimeFrame, ShowAll, ShowEUR, ShiwGBP
USD/JPY M15 Chart Example
How to install the Currency Correlation and Gold custom indicator in Metatrader 4?
- Download the correl8.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.