Hi folks!

I'd like any assistance from anybody...

I trying to develop an arbitrage/hedge platform (called whatevery you like) of my very own. At least I have an idea I would like to see whether it works...
The concept is quite straightforward. I trying to make the most of the correlation between EUR/USD and USD/CHF. These two pairs is known for it's good significance. So my idea is to take a position (buy or sell) when the significance isn't good. Then the pair will begin ching up to be connected. When that occurs among the currency pair will move more then another and that's what I want to make the most of.

But I have a problem... a BIG problem. In order to create my idea come true I need indiors that shows me the significance between two pairs.
I've looked into EUR/USD and USD/CHF but I having I hard time seeing if it's good correlated or not.

Any other indiors that might help me out would be appriciated too.

I've found some indiors that I can't understand at all. They're from a webpage called ForexForSmarties. However, as I said I don't understand how to use them at all.

Ok... hope someone can help me and give me some indiors... and please include some brief description of how to use/read the indior.

Regards / JoLi