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Futuro FX indicator is based on the correlation. It is programmed to project the future price action based on the past history of the correlated currency pairs. It is designed to work on any time frame starting from the least which is 5min to the maximum that your platform can offer.
The indicator simply acts by correlating between a certain numbers of bars on the recent chart to a past number of bars making a sequence whose length is equal to the number of the bars that are being used in the correlation. The result of this correlation is a number in between – 100 and 100. The – 100 is the maximum inverse correlation while the 100 is the maximum positive correlation.
The Futuro FX Indicator is set to only measure the positive correlation by default. However the trader can always set it in a way that it can measure both the negative and the positive correction if they so wish.
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