Smoothed Bar to Bar Correlation – indicator for MetaTrader 4

Smoothed Bar to Bar Correlation – indicator for MetaTrader 4

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Smoothed Bar to Bar Correlation – indicator for M

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The Smoothed Correlation Indicator provides an indication of price trending and ranging through a bar to bar correlation coefficient. A indicator value approaching one is an indication of up or down trending.  An indicator value approaching 0 is an indication of price ranging.  A negative indicator value suggests whipsawing price action.

The correlation period is set by the CorrPer input and the smoothing period is set by the SmthPeriod input.

MT4 Indicators – Download Instructions

Smoothed Bar to Bar Correlation is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data.Subway provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.

Based on this information, traders can assume further price movement and adjust their strategy accordingly.

How to install the software?

  • Download the mq4 file from the zip file.
  • Copy the mq4 file to your Metatrader Directory / experts / indicators /
  • Start or restart your Metatrader Client
  • Select Chart and Timeframe where you want to test your indicator
  • Search “Custom Indicators” in your Navigator mostly left in your Metatrader Client
  • Right click on the mq4 file.
  • Attach to a chart
  • Modify settings or press ok
  • Indicator should be available on your Chart

How to remove tim.mq4 from your Metatrader 4 Chart?

  • Select the Chart where is the Indicator running in your Metatrader Client
  • Right click into the Chart
  • “Indicators list”
  • Select the Indicator and delete

MT4 Indicators Download below:

Smoothed Bar to Bar Correlation – indicator for MetaTrader 4