Indicator of correlation of two trading instruments.
Ideal for pair trading.
Example of use: if there is a significant divergence of correlated trading instruments, open two deals in the direction of each of them. Trades are closed when the correlation lines are crossed.Settings:
- First symbol (if empty - current) - The first trading instrument (if empty, the current one);
- Second tool (if empty - current) - Second trading instrument (if empty - current);
- Number of bars - Number of bars for calculation;
- Cross Alert - Alert when lines are crossed;
- Cross Mail - Email when crossing lines;
- Cross Notification - Push notification when crossing lines.
