QX Matrix Hybrid is a visual indicator that displays a multi-asset correlation matrix as a clean heatmap panel. It helps you instantly identify which instruments move together, which move inversely, and where you may be unintentionally duplicating exposure across markets.

Key features

• Correlation matrix (-1 to +1) using Pearson correlation between symbols.
• Return Mode:
• • Percent returns
  • Log returns
• Strength (Δ%) per symbol: shows each symbol’s performance over the lookback window (in row labels and optionally on the diagonal).
• Auto text contrast: text color adapts to background luminance for readability.
• Themes + Custom palette: multiple presets plus full custom color picker controls.
• Flexible panel layout: corner docking, width, cell sizing, margins, row height control.
• Smart footer: lists missing/unavailable symbols with configurable truncation.

Performance & update logic

Built to stay responsive even with multiple symbols:

• Per-symbol caching of Symbol and Bars objects to avoid repetitive API calls.
• Automatic cache invalidation when Symbols CSV or TimeFrame changes.
• Closed Candle Only mode to minimize CPU load (updates on new closed bars).
• Optional Update Throttle (ms) for live mode.

How to use it

• +1.00: strong positive co-movement (high redundancy).
• 0.00: low relationship (potential diversification).
• -1.00: strong inverse relationship (possible hedge).
  Use the matrix to reduce correlated overlap, find hedging pairs, and understand market “clusters” across FX, indices, metals, crypto, etc.

Parameters (high level)

• Symbols CSV, TimeFrame, Lookback
• Return Mode (Percent/Log), Decimals, Auto decimals on Log
• Closed Candle Only, Update Throttle
• Show Strength (Δ%), Show Footer, Footer Max Missing
• Panel layout (corner, width, cell sizes, margin)
• Colors / Theme (including Custom palette)

Notes

• Visualization only. No orders are placed.
• Symbols may show N/A if not available on your broker/server or if there isn’t enough history for the selected timeframe/lookback.