Introduction to the PPMCC Indicator 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…
Tag: correlation indicators
Second Chart Indicator
Introduction to the Second Chart Indicator The Second Chart Indicator is a very useful tool that displays candles of chosen currency pair in a sub-window placed just below the main trading chart. It could be handy in various situations. For example, when you have many indicators plotted over candlesticks and you want to see the…