Delta1
Correlation delta indicator · EURUSD vs GBPUSD · MT4
About Delta1
Delta1 is an MT4 correlation-delta indicator (separate window, not an auto-trading EA). From its source: it compares two symbols — default EURUSD vs GBPUSD, both configurable — normalizes their prices with scaling coefficients, and plots the delta between them in pips as a yellow line. It computes the pair's correlation coefficient and flips the formula when correlation turns negative, recalculating on each new daily bar over a 300-bar window.
Signals are percentage-based: when the delta stretches to SigMax 80% or compresses to SigMin 20% of its range, optional popup/sound alerts fire — the classic setup for correlation/pair traders who trade the two legs in opposite directions expecting re-convergence. An "Import" mode can read data directly from a companion EA via global variables. Honest note: the source we reviewed is a stripped paid build — its core functions are removed with a Russian note "code available only after payment" — so the exact normalization math cannot be fully verified, and no public vendor page or verified record was found.
- Platform: MetaTrader 4 (separate-window indicator)
- Type: Correlation delta / pair-spread indicator — NOT an auto-trading EA
- Symbols: Any two — default EURUSD & GBPUSD
- Key Settings: BarsCount 300, recalc on D1, SigMax 80% / SigMin 20%, alerts & sound optional
- Price: Paid product (core code locked behind payment per source note)
- Source: Own .mq4 source file analyzed (stripped paid build — no vendor page found)