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if a currency pair get less than the negative value of this value you entered, so its symbol will be colored. So it is very important to understand the relationship between currency pairs for many reasons as: Confirm your analysis: you can apply your analytical strategy to more than one pair that correlated positively to confirm your decision. There can be both positive correlation, where the price of the currency pairs moves in the same direction and negative correlation, where the price of the currency pairs moves in opposite directions. In the table of the indicator you can watch 5 Currency pairs and its Correlation degree with the current pair, and the pairs shows more than 70 are almost similar in its direction (trend) to the current pair and this is called.
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CorPeriod: the number of bars used for the indicator calculations. Watch Market Manager Video, mini Terminal, focus on a specific market with a deal ticket integrated into your chart. Currency correlation happens when the price of two or more currency pairs moves in conjunction with one another. All apps are provided by FX Blue and included with. Notice: Currency Pair Name must be written in capital letters as it appears in your broker's platform (eurusd). This will be very useful at trading as we will review in the following. Rise or fall during the session, in pips Your local time a point of reference Total trading range during the session Closing or current price for an in-progress session Watch session map video Tick Chart Trader View. High Risk Warning: Please note that foreign exchange and other leveraged trading involves significant risk of loss. Indicator Inputs, timeF: it refers to any timeframe you would select from a dropdown list, which indicator will use in its calculations. Trigger in platform, email, or SMS alerts based on a wide range of parameters including: Account changes such as margin, market moves due to news or sentiment. Correlation is cooler and actually works.