Futures Correlation Visualizer

2. Dez. 2024

OVERVIEW
This indicator plots the normalized price changes of commonly traded futures. Visualizing data in this way makes studying and understanding market participation and sentiment easier.

Note:
Only 20 symbols can be plotted. The "request" functions are limited to 40 calls, 1 timeframe counts as a call, and 2 timeframes are used per symbol. Normalized values are derived by dividing the charts timeframe by 1D data. A runtime error will occur when more than 20 symbols are enabled. This limitation is unavoidable.

INPUTS
You can configure:

• Colors and color scheme
  
• Symbols to plot (most common futures)
  
• Norm. source (todays open / yesterdays close)
  
• Measurement type (%, ‱, Δ)
  
• Label, zone, and zero options
  

2. Dez. 2024

Versionshinweise

• Added link to indicator page the top of the code.
  
• Updated chart
  

13. Feb.

Versionshinweise

• Minor code changes.
  
• Added "Smooth" option for color transitions.
  
• Converted to Pine Script v6

7. Apr.

Versionshinweise

• Updated script to align with Pine Script changes: Pine Script recently updated when loop boundaries were checked. Previously, the boundary was established before iterating. Now, the boundary is evaluated on each iteration.
  

29. Mai

Versionshinweise

• Improved logic to be more reliable after partial trading days.