Multicurrency indicator.
There are many profitable Forex trading strategies, one of which is the correlation strategy, which involves opening trades based on the price movements of several currency pairs.
Typically, each currency pair reacts to a particular event at a certain speed, either slightly faster or slightly slower, allowing for a clear correlation to be established between certain instruments.
This multi-currency indicator is designed specifically for establishing Forex correlations . Now you don't have to switch between currency pair windows or split the screen. The indicator allows you to display charts for multiple currency pairs in a separate window, making analysis as convenient as possible.
Download the multi-currency indicator
. Installing and configuring the tool is usually straightforward, as all the main parameters are already configured automatically. Before installing the multi-currency indicator on the chart, you simply need to configure the currency pairs displayed in the windows (there are five of them, but you can easily change the parameter if desired) and launch it. Changing the timeframe on the main chart also changes the timeframes on the additional currency pairs.
But that's not all. In addition to the standard charts, the additional windows also display the spread, which is a perfect indicator of demand for a given currency.
Two signal lines also provide additional assistance; their intersection signals a trend reversal.
Setting up a multi-currency indicator.
Charts – chart management, 5 by default; it's recommended not to use more than three trading instruments in a correlation.
Chart 1, 2, and 3 – select the currency pairs to be displayed in the windows.
FastMA_Period and SlowMA_Period – MA settings used to generate signal lines.
You can also enable or disable the built-in indicator and change the color scheme of the displayed data.
Overall, everything works quite correctly; minor glitches may occur when switching between timeframes, so it's recommended to set the multi-currency indicator to the desired timeframe. Aforex is the recommended broker .
