About indicator CorrelationFX
The CorrelationFX indicator is a software solution for analyzing and trading positive and negative correlations between various instruments of the foreign exchange market.
As you know, quotations of many currency pairs move with a high degree of correlation, which has long and effectively been used for the so-called “pair trading” and hedging currency risks.
The CorrelationFX indicator will help you to determine:
- the moment of maximum divergence of quotations of the correlated pairs
- the moment of reverse convergence («collapse») of quotations of the correlated pairs