10-Pair Correlation Indicator Details

I built this indicator for my own personal crypto trading because I got tired of missing huge moves on pairs I wasn't watching. As you may know, crypto currencies can make MASSIVE moves compared to any other asset class. 10% moves in an hour are not uncommon, let alone in a day. 100-200% moves in a week isn't even that uncommon, But catching these big moves when they breakout has been a real challenge since you can't watch that many charts at once let alone 24/7..

So, I decided to wrap 10 pairs into a single indicator. Problem solved! Now when there's a runner, I get notified immediately! If 10 pairs is not enough for you, attach 2 instances of the indicator on the same chart and track 20 pairs! Attach 3 instances to track 30 pairs. There's no limits and it's compatible with all asset classes regardless of it's price scale! Compare correlations or divergences on GOLD vs CRYPTO, Stocks, or even the S&P500.

This indicator compares trend strengths on up to 10 different pairs simultaneously by applying the same 2 moving averages across all pairs on the same time frame. You choose the moving averages so you can follow correlations & divergences on short-term trends or long-term trends in your desired time frame (the time frame you attach it to).

Individual Pair Strengths:
Each pair's trend strength is measured by the distance between the Fast and Slow moving averages, then converted into a percentage to keep all pair's price moves relevant across all asset classes. This was important for trading Cryptos, which have massively different price scales ranging from a few cents to $100k+ for Bitcoin. This allows you to accurately compare pairs like EUR/USD to Gold and Bitcoin. Combine whatever pairs you want! Each pair's trend-strength percentage is plotted in the indicator field as a separate line with a unique color. The Strongest and Weakest pairs text display is placed on the chart for quick  reference.

Histogram = Average Strength:
The Histogram (red/green graph) represents the average strength and trend direction of all pairs that are enabled. This gives you a clearer picture of the overall market direction (great for Crypto trading). With a true/false switch, you can remove any pair from the indicator field and histogram calculations. Another True/False switch hides all the individual pair lines (showing only the histogram) without removing the hidden pair values from the calculations.

ALERTS:
Set Histogram cross-over alerts to notify you of changes in the average trend direction or set Strongest/Weakest pair alerts that let you know a new pair has just become the Strongest or Weakest pair.

AUTOMATE YOUR TRADING WITH THE NEW DIVERGENCE EAs:
Of course, the indicator alone was not enough for me. I had to take it to the next level so I developed 2 EAs to help automate my trading (details further below)!

Here's 2 simple strategies you can use the indicator for.

FOLLOW THE HISTOGRAM (the Average Trend):
This is the simplest use of this indicator. The histogram displays the average trend of 2 - 10 currency pairs, which filters out market noise by averaging all the pairs into one value. Simply open a trade on the strongest pair in the direction of the "Average" trend (Buy during a green histogram, Sell during a Red histogram). It will generate an audio & popup alert when the Histogram turns from green to red, or red to green. Set an additional alert to notify you when a new pair becomes the strongest or weakest. The example below is using Smoothed MA 6 vs EMA 50 on a 1-Hour ETH/USD chart, but you can attach it to any pair you want and get the same indicator display.

DIVERGENCE HEDGING:
My favorite strategy is to simply buy the strongest pair and sell the weakest pair to create a hedge. I like this strategy because you don't need to use tight stops (the hedge lowers your risk) and you don't care which way the market goes next, as long as the stronger pair goes up more than the weaker pair, OR... the weaker pair goes down more than the stronger pair, creating a larger divergence. Either way, you win! You only lose when the pairs drift toward each other and when that happens, you'll soon have different stronger or weaker pair to jump into.

Maximize your Profit Potential by
Buying the Strongest or Shorting the Weakest pair.

Follow the indicator for several days on Crypto...

Here s a peak at the indicator's settings along with some explanations.

Symbol Settings: Enter each symbol with it's symbol suffix, if any (ie. "BTCUSD.pro"), then choose a color and whether or not to include it in calculations and display.

Indicator Settings

Histogram Alerts: Set an audio & popup alert for histogram cross-overs (red to green, green to red), indicating an overall trend-reversal. The histogram is the average of all pairs pairs included. Set a Minimum histogram strength to filter out weak cross-overs. You can deactivate any pair with a true/false setting.

Divergence Alerts: These Alerts notify you when the strongest or weakest pair breaks away and exceeds X percent distance from the histogram (the average of all pairs). You set that distance in the settings  via the Minimum_Distance_Above_Average and Minimum_Distance_Below_Average settings. A setting of 1.0 = 1% divergence.

With new US crypto regulations just around the corner (likely in January 2026), we should see some explosive trends across many cryptos very soon! But some will run much more than others and the indicator and these new EAs will help you maximize your upside potential by being in the right coins and catching the moves early.

Last year, XRP and XLM went on an explosive 500% run in 2 months following Trump's election! Crypto regulatoins could bring similar moves again so get prepared now! Both EAs below can stack up to 6 positions using either Negative or Positive Progression Money Management so you can really snowball your profits on big price runs when they happen. I recommend using only Positive Progression for Crypto but the option is yours.

1-PAIR DIVERGENCE EA: This EA actually compares the divergence of 2 pairs but only opens trades on 1 pair (the TradePair). It goes long when the TradePair's strength is stronger than the HedgePair and goes Short on the TradePair when it drops below the HedgePair. Or you can reverse the signals with the "Trade_Against_Divergence" switch in the EA settings. The settings below are customized for BTC vs XAU (Gold) and this preset & template are included with the EA, plus others. Just load the template and you're off and running! Adjust lot sizes as desired. The startup text display will help you with the settings (lot value, max spread, and calculating a hard stop & TP in points). The EA has it's own divergence indicator built in so it's self-reliant but it cannot display it. You will need the 10-pair indicator with the same settings to see what the EA sees.

1-PAIR DIVERGENCE EA SETTINGS (BTC vs XAU)

2-PAIR DIVERGENCE HEDGING EA: This EA also compares the divergence of 2 pairs but this one opens a BUY on the Stronger pair and a SELL on the weaker pair simultaneously to create a hedge. It's not a perfect hedge since it will be 2 different pairs but it can greatly reduce the risk when trading highly correlating pairs like CRYPTOS or similar FOREX pairs. This is one of my favorite ways to trade now since it does not require tight stops, you don't need to nail the entries, and it doesn't matter which direction the overall market goes. All that is required is that your 2 pairs continue drifting apart. The Combined Floating Stops & Targets feature is usually what should close your trades if you give them enough breathing room with your hard stops & targets (as backup).

Like the 1-Pair EA above, the 2-Pair EA will also stack up to 6 positions (Positive or Negative Progression MM) at specific dollar P/L threshold (or whatever your account's base currency is).

The EA will always strive to keep the 2 open hedged trades balanced. If one closes for any reason, the other will close within a few seconds via your Update Interval setting, which checks the status and P/L of open trades at specific intervals (every 5-10 seconds is good). Trades from other EAs or other instances of the same EA will not interfere with it as long as they are all using unique magic numbers.

Since Gold & Silver often go up (flight to safety) when the crypto market is crashing, this is a great way to profit on both when panic hits the markets. The settings below are customized for BTC vs XAU (Gold) and this preset & template are included with the EA, along with a few others to get you started.

2-PAIR DIVERGENCE HEDGING EA SETTINGS (BTC vs XAU)

The startup text display will help you with the settings (0.01 lot values, lot multiplier (to equally weigh your trades), max spread, and calculating a hard stop & TP in points). The EA has it's own divergence indicator built in so it's self-reliant but it cannot display it. You need the 10-pair indicator with the same settings to see what the EA sees.

SIMPLE STEPS TO MAXIMIZE PROFIT WITH THE HEDGING EA...

1. Use the Swap Calculation Indicator to choose pairs with low SWAP fees. Some cryptos have massive swap fees over 1% per day! You need to avoid trading these. The SWAP indicator is included FREE with the EA.

2. Use the 10-Pair Indicator to track 10-20 pairs and set your alerts for a strong divergence breakout (minimum 1% to stay out of the chop). Load 2 instances of the indicator to track 20 pairs so nothing gets by you!

3. After at least 1 breakout in either direction, enter the 2 Symbols of the Strongest & Weakest pairs into the Hedging EA with equally weighted lot sizes using the Text Display Lot Multiplier for lot size calculations. Some pairs have wildly different lot values so this is a critical feature for trading cryptos.

4. Stack Positions: Enable Entries 2-6 for lot stacking at specific P/L thresholds (I recommend positive progression stacking for Cryptos). This will keep your risk smaller on bad signals but snowball profits quickly on the big winners. The EA will add lots to both positions simultaneously to keep the hedge in balance. Widen your Hard Stop & TP if it's too close on one pair. I personally use a 10% hard Stop & TP when hedging so the stacking strategy has room to play out. The Combined Floating Stop & TP is what will usually close your trades.

5. Listen for new Divergence Alerts indicating a new strongest/weakest pair and make adjustments to your EA settings accordingly. It's best to disable Entry_1 then close old trades before going live with the new trading pairs.