Correlation 1.0

Metatrader (MT4) Indicator

"What matters can be measured, so keep refining your measurements."
- Ed Seykota
In the world of finance, correlation is an statistical measure of how two securities move in relation to each other. Correlations are used in advanced portfolio management.
  • Avoid concurrent trades in highly correlated instruments
  • Find trading opportunities among highly correlated instruments
  • Correlation is positive when two securities rise in price together
  • Correlation is negative when one security increases and the other decreases
The PZ Correlation indicator measures of how different securities move in relation to a reference one, thus making portfolio management easier.
  • A coefficient of zero is neutral correlation
  • A coefficient of 0.3 is low positive correlation
  • A coefficient over 0.8 is high positive correlation
  • A coefficient of -0.3 is low negative correlation
  • A coefficient over -0.8 is high negative correlation
Improve your risk and portfolio management with the best and most complete market correlation indicator for the metatrader platform.


Frequently Asked Questions
Does the indicator repaint?
Can I choose period and timeframe to apply?