Understanding Market Correlation: A Key Indicator for MetaTrader 5

Mike 2020.06.04 01:31 43 0 0
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Overview:

In his insightful article from June 2020 in TASC, titled "Correlation as a Cycle Indicator," John Ehlers introduces a valuable approach to identifying trends in the market.
This piece outlines three distinct methods for trend determination, and today, we're diving into all three of them.

Today’s Focus:

  • This version highlights the "market state" aspect of the correlation calculation.

Market Correlation Indicator

Market State Visualization

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