mql5

Correlation is a statistical relationship between two or more random variables (or quantities which can be considered random with some acceptable degree of accuracy). Changes in one ore more variables lead to systematic changes of other related variables. The mathematical measure of the correlation of two random variables is the correlation coefficient. If a change in one random variable does not lead to a regular change in the other random variable but leads to a change in another statistical characteristic of this random variable, such a relation is not considered correlation, although it is statistical.

Table of contents

• Introduction
• The concept of correlation
• Types of correlations
• Implementation of indicators
• Correlation-based trading system
• Testing the trading system
• Findings
• Conclusions

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