Correlation Tracker

Correlation Tracker Application

Using the Correlation Tracker, traders can overlay prices of several instruments on a single chart view to gauge the correlation between them.

Traders can assess the correlation between two or more instruments and look for trading opportunities when instruments deviate from expected correlation.

Correlation Tracker Settings

To open the Correlation Tracker, click the Configure Add-ons icon above the chart and check the Correlation Tracker checkbox. Then, tick the Enable for current instrument checkbox and select the instrument(s) to be overlaid on the chart.

Users can set the Correlation Tracker to reference mid-price or last trade and control the time resets for the overlaid instruments’ lines. Users can also set color and line shape for the overlaid instruments.

Installation

To install the Correlation tracker, simply get Bookmap 7.4 and install it from the Add-ons Manager.

This add-on takes advantage of the new Add-ons Manager feature, which simplifies both the installation and updating process. If you'd like to learn more about the Add-ons Manager and how it can benefit your experience, please visit the following page.