- Correlations
- Volatility
- Heat Map
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Correlation is the extent to which two markets move in the same direction at the same time. It is measured using the Pearson correlation coefficient.
- A coefficient of 100% means two markets are perfectly correlated. They rise and fall at the same time.
- A coefficient of -100% means two markets are perfectly negatively correlated. When one rises, the other falls.
- A coefficient of 0% means two markets are moving independently.
You can diversify your portfolio by trading uncorrelated markets.
Correlations for the 5-minute to weekly timeframes are given below.
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The table below shows market volatility in pips.
Trend following strategies typically excel in volatile markets, while countertrend strategies are more suitable for quiet markets.
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The table below shows the relative strength of each currency pair in each timeframe.
You can display the heat map in pips or percent.
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Hey there, Wayne here! I’m on a mission to develop robust algorithmic trading strategies for the forex markets. Trading Tact is where I share my trading methods and insights.
Hey there, Wayne here! I’m on a mission to develop robust algorithmic trading strategies for the forex markets. Trading Tact is where I share my trading methods and insights.