Tuesday, February 11, 2014

Inter-market correlations with Multi-Instrument Compare

Just read this interesting article by Tyler Yell from DailyFX.

The following chart is produced using Multi-Compare indicator, which can compare multiple instruments in a unified and flexible manner. The indicator can also produce a correlation matrix (+1 is highly correlated, -1 is highly anti-correlated). This chart is set up for major FX pairs, plus S&P500, gold and oil.

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