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PPMCC Metatrader 5 Forex Indicator

    PPMCC is short for Pearson product-moment correlation coefficient (Pearson’s PCC).

    The PPMCC Metatrader 5 indicator displays the linear relation between the moving average values of two instruments alternating from -1 to +1.

    A positive correlation is marked when the chart is above zero, while the correlation stays negative when below zero.

    The value zero denotes the absence of correlation.

    Five important input parameters are available on the PPMCC:

    Period – defines the calculation for the Moving Average

    First symbol name – defines the name of the first forex pair

    First symbol applied price – defines the calculation price for the first forex pair

    Second symbol name – defines the name of second forex pair

    Second symbol applied price – defines the calculation price for the second forex pair

    Free Download

    Download the “PPMCC.ex5” MT5 indicator

    Example Chart

    Inputting an invalid symbol name for the first symbol, the second one or even on both will see the PPMCC MT5 indicator print an error message to the log.

    The first symbol that is on display within the setting can differ from the one that is being run by the indicator.

    A scenario like this will mean the indicator values will get updated only when a fresh tick of the symbol is displayed; one the indicator is running on.

    To be able to do this the indicator requires the symbols data to work with.


    Download the “PPMCC.ex5” Metatrader 5 indicator

    MT5 Indicator Characteristics

    Currency pairs: Any

    Platform: Metatrader 5

    Type: chart window indicator

    Customization options: Variable (Period, First symbol name, First symbol applied price, Second symbol name, Second symbol applied price), Colors, width & Style.

    Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month

    Type: trend


    Copy and paste the PPMCC.ex5 indicator into the MQL5 indicators folder of the Metatrader 5 trading platform.

    You can access this folder from the top menu as follows:

    File > Open Data Folder > MQL5 > Indicators (paste here)

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