This custom study is the correlation between the active instrument and three FX indexes (DXC, EUR and JPY) over a user specified period. It is available on the Add Studies window, on the Custom Studies window (Formula Builder), and in the Toolbox.
Formula of curves:
Dollar Index: Correlation(@,X.DXC5,PERIOD)
DM-Euro / United States Index: Correlation(@,X.IEURUSD,PERIOD)
Japan (Yen) Index: Correlation(@,X.IUSDJPY,PERIOD)
Setup parameters:
•Display
•OB/OS
•Period: The period used for the calculations of correlation.