Correlation/Decorrelation Table Indicator


Price:
$47
Stock:
In stock

Description

The Correlation Table indicator allows to observe the correlation between the different instruments (currency pairs, commodities, indexes, futures, stocks, cryptocurrencies, ...) that can be traded in a broker.

In this table, the correlations above a certain configurable level are highlighted (for example, 70), which indicates that there is a high correlation between these instruments.

Green color refers to a positive correlation and red color to a negative correlation.

This indicator is very useful for pair trading or strategies of arbitrage between financial instruments.

The Decorrelation Table indicator shows the instruments with a correlation below a certain configurable level (for example, 30).

De-correlation between instruments is very important when creating a diversified and low-risk portfolio of strategies.

Both indicators work in all time frames and the calculation of the correlation between instruments is instantaneous.

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