Click here to Login








Forex Correlation Matrix

by QuantShare, 2921 days ago
Share |






The following Forex correlation trading item creates a correlation matrix between several currency pairs.

Correlation is a statistical measure of the relationship between two securities. It tells us whether two currency pairs are moving in the same, opposite or random direction.

Correlation values vary between -100% (Forex pairs move in the same direction) and 100% (Forex pairs move in the opposite direction).

The correlation is very high and it is colored in Green if its value is higher than 80%.
The correlation is very low and it is colored in Red if its value is lower than -60%.

This Forex correlation pivot table is based on the correlation of the last 30 trading days. Of course, you can update the formula and measure the correlation using another period (90 days for example) or in another time frame (example: hourly or 1-minute).

To update the formula, right click on the Forex/currency correlation table then select "Update Rows/Columns/Values".
In the "Values" panel, click on "Correl" then update the "Correl" function.
For example, to use a 90-day period, type:
Correl(perf(close, 1), perf(SYMBOL, 1), 30)*100

To change the default period, select the "Intraday" tab then choose "1h" time frame for example.

To modify the currency pairs list used in this Forex correlation matrix, select "Rows" and "Columns" fields then update the list of symbols. The current list includes the following currencies: AUDCAD, AUDJPY, EURCAD, EURCHF, EURUSD, USDCAD, USDCHF...

Here is the correlation table of 15 currency pairs in the foreign exchange market:




Share This ->
Share |


You have to log in to bookmark this object
What is this?




Type: Pivot Table

Object ID: 1065


Country:
All

Market: Forex Market

Style:
Technical Analysis

Reviews
You must log in first

Join now
and get instant access for free to the trading software, the Sharing server and the Social network website.
Click here


Related objects

Empty

Number of reviews
Click to add a review
Average rate
Click to rate this item
Number of times this object was downloaded
Number of rates the current object received
Report an object
if you can't run it for example or if it contains errors
Click to report this object

Technical Analysis


Fundamental Analysis



Random Blog Posts

4 indicators to create adaptive trading systems

How to create buy and sell trading rules based on News Data

3 ways to rank stocks in a trading system - Simulator and Potfolio

4 original breadth indicators you should consider in your market timing strategy

Basic trading system implemented using the money management tool

Example of a trading system implemented in QuantShare Software

Different periodicities and chart bar types in QuantShare Trading Software

Several money management strategies in a trading system

Show All

Number of reviews
Click to add a review
Average rate
Click to rate this item
Number of times this object was downloaded
Number of rates the current object received
Report an object
if you can't run it for example or if it contains errors
Click to report this object






QuantShare
Product
QuantShare
Features
Create an account
Affiliate Program
Support
Contact Us
Trading Forum
How-to Lessons
Manual
Company
About Us
Privacy
Terms of Use

Copyright 2019 QuantShare.com
Social Media
Follow us on Facebook
Twitter Follow us on Twitter
Google+
Follow us on Google+
RSS Trading Items



Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial instruments or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.