PPMCC Forex Indicator for MT5

The PPMCC shortcut means Pearson Product-Moment Correlation Coefficient (Pearson’s PCC).

That tool displays the linear relation between the moving average values of two forex pairs with values ranging from -1 to +1. When the chart is above zero, a positive correlation is marked. Correlation is negative below zero. Zero indicates that there is no correlation.

These are five input parameters:

Period – MA calculation period
First symbol name – the name of the first financial instrument
First symbol applied price – the calculation price of the first financial instrument
Second symbol name – the name of the second financial instrument
Second symbol applied price – the calculation price of the second financial instrument

If an invalid symbol name is used (for the first symbol, the second one, or both), the indicator prints a message to the log and is unloaded with an error.


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