correlation

taylor_o Aktualisiert 

A table to help track correlations between the four major energies contracts of the CME. The table shows the z-score of the current correlation value between HO, RB, CL, and NG. The inputs are: - timeframe: the timeframe of the calcluation. the default is 5 minutes. - window: the rolling window over which to calculate the correlations. the default is 48, or four...

LeafAlgo Aktualisiert 

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: -...

valpatrad Aktualisiert 

Correlation coefficient is a measure of the strength of the relationship between two values. It can be useful for market analysis, cryptocurrencies, forex and much more. Since it "describes the degree to which two series tend to deviate from their moving average values" (1), first of all you have to set the length of these moving averages. You can also retrieve...

loxx

I wasn't going to post this because I don't like how this calculates by puling in the Open price, but I'm posting it anyway. This does work in it's current form but there is a. better way to do this. I'll revisit this in the future. Anyway... The k-Nearest Neighbor algorithm (k-NN) searches for k past patterns (neighbors) that are most similar to the current...

RrBc2

This correlation tables idea is nothing new, many sites provides it. However, I couldn't find any simple correlation indicator on TradingView despite how simple this indicator is. This indicator works as its called. Calculating the correlation between 2 projects (can be used in stocks as well) using the 'ta.correlation' feature built into pinescript. When...

RicardoSantos Wizard Aktualisiert 

This is a complex indicator that looks to provide some insight into the correlation between volume and price volatility. Rising volatility is depicted with the color green while falling volatility is depicted with purple. Lightness of the color is used to depict the length of the window used, darker == shorter in the 2 -> 512 window range.

loxx Aktualisiert 

Price-Filtered Spearman Rank Correl. w/ Floating Levels is a Spearman Rank Correlation indicator with optional source filtering and floating levels. What is Spearman rank correlation? Spearman rank correlation, also known as Spearman coefficient is a formula used to identify the strength of the link between two datasets. This coefficient is a method that can...

OrcChieftain Aktualisiert 

Other available matrixes I found have a limited number of forex symbols. Consequentially, you need to keep switching them if you want to do a proper analysis. As a result of that, I produced my own currency matrix. Correlation studies relationships between different price charts. High correlation may be completely random in the short term, but it may signify a...

twingall Aktualisiert 

Overlay a small plot of a correlated asset of your choosing. Shrink/expand, Set vertical and horizontal position, plot multiple mini-plots via duplicate indicators with varied settings. Plots the last X bars of any asset; including the live candle currently painting Useful for low time frame trading when you want to see correlated asset price movement right...

loxx Aktualisiert 

Adaptive Supertrend w/ Floating Levels is a Supertrend indicator made adaptive by comparing the coefficient of determination / average of the least squares. The basic concept is this: use correlation with an r-squared line to adapt the period of the indicator, thereby resulting in a more versatile Supertrend. This adaptive formula makes the Supertrend more...

foosmoo Aktualisiert 

This indicator shows correlation strength between the source asset plotted in the main chart and a user-input asset in the indicator panel. For example, if the main chart panel is displaying BTCUSD and the correlation indicator is NDX, then the correlation strength is plotted as the relationship between the two. A strong positive correlation target is set at 0.80...

F_rank_01

This script is useful to see correlation between macroeconomic assets, displayed in different ema line shown in percentage to compare these assets on the same basis. Percentage will depend on the time frame selection. In the higher timeframe you will see higher variation and in small timeframe smaller variation. You can select the timeframe who suit your...

MUQWISHI Aktualisiert 

US Market Overview Table will identify the bullish and bearish sectors of a day by tracking the SPDR sectors funds. It's possible to add a ticker symbol for correlation compared to each sector. Overview Indicator

Sultan_shaya

This indicator aims to indicate the correlation between two assets(Current and Base), it does NOT show entries or help your chart analysis directly. The main features of this Correlation indicator is : Correlation type : Direct Correlation | Inverse Correlation | No Correlation Correlation Percentage : as its name, it calculate the Correlation Percentage...

Sultan_shaya

This indicator aims to indicate the correlation between two assets(Current and Base), it does NOT show entries or help your chart analysis directly. The main features of this Correlation indicator is : Correlation type : Direct Correlation | Inverse Correlation | No Correlation Correlation Percentage : as its name, it calculate the Correlation Percentage...

loxx Aktualisiert 

Adaptive Trend Cipher Highly experimental! Features: -Implements 5 different Dominant Adaptive Cycle Measures to determine optimal inputs for correlation functions. These cycle calculations include the following: ** * Ehler's Autocorrelation Dominant Cycle * Ehler's Instantaneous Dominant Cycle * Ehler's Band-pass Dominant Cycle * Ehler's Hilbert Period...

alexjvale Aktualisiert 

Visually see how well a symbol tracks another's movements, without taking price deltas into account. For example, a 1% move on the index and a 5% move on the target will return a DCC value of 1. An index move of 0.5% on the index and a 10% move on the target will also return a DCC value of 1. The same happens for downward moves. The SMA value can be set to...

racer8

This indicator gauges correlation between 2 markets using my own method I invented. It is far superior to the correlation coefficient in that it maintains steady correlation values, meaning less false signals regarding correlation. Yet, the indicator's calculation is very simple in fact... It simply calculates the percentage of moves in the same direction as the...