Currency Pairs Correlation

This indicator is developed to show the average movement of any 2 correlated currency pairs of the same TF.

In the case of “EURUSD” and “USDCHF,” Green Histogram shows ascending trend of the main currency (“EURUSD”) and Red Histogram shows a descending trend.

The input parameters:

ActiveLevel and PassiveLevel are used for cutting off the flat and they are subjects of optimization.