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iBeta - Indicator for MetaTrader 4

iBeta
TypeIndicators PlatformMT4 Version10 Date created 4 March 2016 Date updated 1 August 2017
Formatmq4 Size6.5Kb Downloads141 Rating
4.6 of 5
based on 45 rates

The indicator is developed to calculate the covariance, correlation or beta coefficient of two symbols (selected by the variable Mode1).

The calculation can be done on several parameters: at the price of the specified variable Price; from the value of ROC (the difference between the current and the previous value of the price); from the value of ROC% (the ratio of the difference of the current to the previous value of the price). Selected by the variable Mode2.

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