I wonder if its possible to connect to one of the correlation table's data via mt4 indicator to asses divergence? Mataf has a correlation table on their website updated constantly so does Oanda, there might be others. If the indicator can get data ...

Negative And positive correlation divergence

true but you have to start somewhere and take a chance. the bollinger bands job is to keep price in, so the price bounces around it most of the time. Therefore if price is getting close to top or bottom bb, most of the time it will at least touch it. ...

Negative And positive correlation divergence

I dont know much about Tma bands but the idea is to show divergence of correlation, so if it shows that, than why not. If for example positively correlated pairs both broke and closed above bb at the same time, this would be your starting point, ...

Negative And positive correlation divergence

tnx, im waiting for an indicator.

Negative And positive correlation divergence

check to see if the pairs are over 80 percent correlated on both 4hr and 1hr at the time you want to trade.

Negative And positive correlation divergence

Hi, I just saw your post. You have to check 1hr and 4hr correlation table first before you make a decision. I use mataf correlation.

Negative And positive correlation divergence

standart for mt4. period 20 shift 0 deviations 2

Negative And positive correlation divergence

yes negative correlation. this was near perfect setup, except the signal candle closed on friday so it was risky.

Negative And positive correlation divergence

like chicago rob said, the signals are rare. But from my visual backtest with gbpnzd, nzdjpy the signals were good quality. In order to get more signals we would need more pairs involved and perhaps check 30 min 1hr and 4hr. Even check daily for ...

Negative And positive correlation divergence

This one is on its way... I need someone to create an indicator or EA for this system.

Negative And positive correlation divergence

no, I meant usdeur to explain 100% correlation vs not perfect correlation

Negative And positive correlation divergence

yes

Negative And positive correlation divergence

I noticed one thing, the correlated pairs take turns in leading. Sometimes one closes above/below BB lines first sometime the other. In order to see which is leading which I think we have to go back and find a common ground where both are at the ...

Negative And positive correlation divergence

Here is an example from Audchf Usdchf

Negative And positive correlation divergence

It does not have that information. but if you think 120 bars is sufficient than thats ok. I mean it wont hurt to try. Look at pairs where both 1hr and 4hr are above 80% than if you dont have enough pairs lower the percentage to 70% and so on. From ...

Negative And positive correlation divergence

Here is an example of price crossing mid BB instead of top or bottom BB

Negative And positive correlation divergence

Mataf correlation table shows different values. For example Audjpy/Audchf is 91% on the 1hour in your chart Mataf 1hr shows Audjpy/Audchf as -15% and 4hr shows 66.9% I am looking for when both 1hour and 4hour are above 80% for the moment. But if you ...

Negative And positive correlation divergence

To get more signals I will look at mid BB to see if one pair has closed above/below it and the other is still far away.

Negative And positive correlation divergence

I agree, I have to take time and find more positively correlated pairs. There arent many over 80% for 1hr and 4hr. Maybe better to check out above 70% Correlation. Anyhow I definetly think an Indicator is needed to troll different timeframes for ...

Negative And positive correlation divergence

I have looked at "mataf currency correlation" table. I picked pairs that are negatively correlated more than 80% for 1hr and 4hr. You could pair up more currency pairs if you only look at 1hr or less if you look at 1hr 4hr daily. If you want even ...

Negative And positive correlation divergence