Normalized Correlation Coefficient

1. Sept. 2022

This is a normalized correlation coefficient that can be used with any timeframe or symbol desired (found in the indicator settings). The normalization function makes the coefficient bound between 0-1. There is a subjective threshold at 0.80 where anything below the threshold tends to be higher risk in trading as opposed to above the threshold.

Suggestions:
- Use a timeframe slightly higher than your current chart for optimal results.
- Do not use as a standalone strategy, rather, use it as a layer of confirmation.
- For altcoin cryptocurrencies, we suggest tethering the indicator to the "OTHERS" chart.

1. Sept. 2022

Versionshinweise

Changed the length code from 252 to 40. Can be changed further by users.

1. Sept. 2022

Versionshinweise

Took out flavor text, updated chart image.