Correlations

[fabiobioware]

Hello, could someone help me by sending a shared example about how I perform a correlation between 2 currency pairs, in this case for example:

If EURUSD is in a purchase period, GBPUSD is allowed to sell.

If EURUSD is in a sale period, GBPUSD is allowed to buy.

Regards for all.

[Tom 5]

@fabiobioware That i would be interested too into! I tried it also but i failed so far.

[trader.philipps]

@fabiobioware Sorry, I didn't get what you want. Here are some basics about correlations https://www.mql5.com/en/forum/19246#comment_752712. As usually EU and GU move in the same direction, what exactly should happen? Are you trying to hedge your EU long trade with a GU short trade?

[l'andorrà]

Using a custom indicator maybe?

[line]

This indicator might be helpful
https://www.mql5.com/en/market/product/5191

[fabiobioware]

have for mt5?

[AlphaOmega]

This is what it looks like once installed on MT4