With the correlation matrix, you can compare the performance of individual instruments and even entire instrument lists in real-time (!) in any given timeframe. The correlation matrix can be filled with all the instruments you wish; you can even compare instruments from various asset classes with each other.
You receive the newly developed correlation matrix module, in which you can choose between the matrix or the list view. The correlation coefficient is calculated in real-time, and extreme values are automatically highlighted in color. The module also includes a chart in which the two symbols that you have selected in the matrix or the list are automatically loaded – the main symbol as a normal chart, the second instrument as a “second data series” as a line chart.
In addition, the InstrumentCorrelation indicator is displayed, which shows the development of the correlation of these two values to each other over time. With this chart, therefore, you have a visual overview right away of the correlation of these two instruments – there is no more innovative, effective way to carry out the correlation analysis!
- Calculation of the correlation between individual instruments and whole instrument lists
- Correlation coefficient for any asset classes you desire, plus their historical development – a combination of various asset classes is possible too!
- Innovative correlation chart with second data series and correlation indicator for visual correlation analysis
Please note, that you will not receive an activation key or download-link for this Add-In.
It will be enabled on your AgenaTrader license within the two business days after purchase and thereafter is available for you.