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Correlation Calculator


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17 replies to this topic

#1
tauf

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The Correlation calculator visually (using charts) represents the existence of an interconnection between movements in the price of different trading pairs and calculates a correlation coefficient. The correlation coefficient is an indicator that shows the degree of interconnectedness between chosen pairs. The correlation coefficient takes on values ranging between -1 and +1. The value of +1 (or any closest to it) indicates that prices of chosen pairs are moving in the same direction. The value of -1 (or any closest to it) indicates that prices of chosen pairs are moving in opposite directions. The following degrees of correlation are distinguished:
 
- weak (0 to +/- 0.2);
- low (from +/-0.2 to 0.4);
- average (from +/-0.4 to 0.7);
- high (from +/-0.7 to 0.9);
- strongest (from +/-0.9 to 1).
 
The Correlation calculator is a useful analytical tool that helps to make a sound trading decision when using a strategy, which is based on diversification and hedging against risks
 

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#2
Irina Malcova

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Fibonacci Calculator

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The fibonacci calculator is a tool that traders use to help identify strategic places for transactions, stop losses or target prices to help them get in at a good price.


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#3
Irina Malcova

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VPS
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The Virtual Private server (VPS) is a necessary trading tool as it protects your Expert Advisors, and is online 24/7 bringing uninterrupted trading.
Read more here

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#4
Irina Malcova

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Position Size Calculator
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The deal size calculator helps traders to choose an optimum size of the opening lot depending on the accepted level of risk.
Read more here

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#5
Irina Malcova

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Video Courses
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Discover everything you need to know about trading and analysing the world's markets by watching our 10-part Forex trading video series.
Read more here

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#6
Irina Malcova

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Fundamental Analysis
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Fundamental Analysis is essential to your trading success as it helps you to assess how economic and political indicators affect the market.
Read more here

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#7
Irina Malcova

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PAMM/MAM Platform
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PAMM/MAM is ideal for Money Managers who want professionals to control and manage their funds.  The FXB PAMM / MAM software provides stability, flexibility and fast execution for all professional account managers. 
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#8
Irina Malcova

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Forex eBook
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Improve your knowledge, skills and trading strategies by reading our Forex Trading eBook.
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#9
Irina Malcova

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Weekly Video
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On a weekly basis, our Analytics Team prepares a detailed look at the markets and predicts what is likely to occur. Refer to our weekly videos for information.
See more Here

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#10
Irina Malcova

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Learn to trade Use the FXB Trading Training app to learn the knowledge and skills to trade successfully.

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Download Here 

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#11
Irina Malcova

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The FXB Trading signals app is an advanced application with a high winning rate which brings you the best buy/sell signals on forex pairs, commodities, and stock indices.
 
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Free download Here

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#12
Irina Malcova

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Islamic accounts are compliant with Sharia law as they imply no swap or rollover interest on overnight positions. The basic principles behind Islamic banking are sharing profit and loss, and not permitting the collection and payment of interest by lenders and investors. 
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Read more Here

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#13
Irina Malcova

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Trade cryptocurrency CFDs and tap into the economy of the future.

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Read more cryptocurrency CFDs


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#14
Irina Malcova

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Learn to trade Use the FXB Trading Training app to learn the knowledge and skills to trade successfully.
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Download App at: http://goo.gl/RLzVSr

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#15
Irina Malcova

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Affiliate Program

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The Affiliate Program is a great opportunity for affiliates to earn a competitive CPA on every successful referral.

Read more Affiliate Program


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#16
Irina Malcova

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CFD
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A contract for difference (CFD) is a contract made between two parties (client and broker) to exchange the difference in value of a share, commodity or index when the contract ends. 
Read more CFD

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#17
Irina Malcova

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Currency Heatmap
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Currency heat map provides a graphical representation of the relative strengths of major and exotic currency pairs in comparison with each other. 

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#18
Sininfinity

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Fibonacci Calculator

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The fibonacci calculator is a tool that traders use to help identify strategic places for transactions, stop losses or target prices to help them get in at a good price.

 

 

The chart does not show fibonacci calculator. And those indicators you mentioned, they are either already built in the meta trader platform or can be found online where samples are greater then one's trading platform.


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