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[DEM] Other Asset Predicting Indicator

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[DEM] Other Asset Predicting Indicator is a cross-asset signal generator that uses technical signals from one market to predict price movements in the current chart's asset, based on the correlation between the two instruments. The indicator allows users to select from a comprehensive list of assets including major indices, sector ETFs, cryptocurrencies, forex pairs, country ETFs, and commodities, then applies one of four technical signal methods (Supertrend, Parabolic SAR, EMA Cross, or MACD Crossover) to generate buy and sell signals from the selected reference asset. A key feature is the built-in correlation analysis that calculates a rolling correlation coefficient between the current asset and the reference asset, displayed in a color-coded table where green indicates positive correlation (above 0.5) and red shows negative correlation (below 0.5). The indicator includes an option to invert signals for negatively correlated assets, making it particularly useful for identifying intermarket relationships and leveraging leading indicators from related markets to anticipate price movements in the current instrument.

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