Multicurrency indicator.

There are a lot of profitable trading strategies on Forex, one of which is the correlation strategy, in which trades are opened taking into account exchange rate movements for several currency pairs.

As a rule, each currency pair reacts to a particular event at a certain speed, a little faster or, on the contrary, a little slower, thanks to this it is possible to establish a clear relationship between certain instruments.

The multicurrency indicator is designed specifically for establishing Forex correlation ; now you do not need to jump from the window of one currency pair to another or divide the screen into several parts.

The indicator allows you to display charts of several currency pairs in a separate window, making the analysis as convenient as possible. Download multicurrency indicator

. Installing and configuring the tool usually does not present any particular difficulties, since all the main parameters are already configured automatically. That is, before installing a multicurrency indicator on a chart, you just need to configure the currency pairs displayed in the windows, there are 5 of them (if desired, the parameter can be easily changed), and launch it. When changing the time frame on the main chart, the time periods on additional currency pairs also change.

But that’s not all; in addition to the usual charts, additional windows also show the size of the spread, and this indicator best characterizes the demand for a certain currency.

Two signal lines also serve as an additional assistant; their intersection serves as a signal for a trend reversal.

Setting up a multicurrency indicator.

Charts – chart management, default value is 5, it is advisable not to use more than 3 trading instruments in correlation.

Chart 1,2,3 - selection of currency pairs that will be displayed in the windows.

FastMA_Period and SlowMA_Period – MA settings based on which the signal lines operate.

In addition, you can enable or disable the built-in indicator and change the color scheme of the displayed data.

In general, everything works quite correctly, there may be minor glitches when switching between timeframes, so it is advisable to immediately set the multicurrency indicator to the desired time period. Recommended broker for use is Aforex .