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...
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...
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...
Shows how often and how much the underlying security deviates from the base stock.
Indices that help in the selection of securities:
Lst10 - last 10(long factor parameter) periods average
Aver - fulltime averaged
pwr - total deviation area from base
ust - unstability (drawdown index)
cor - percent of positive bars
cross - fulltime averaged deviation
This indicator is engineered to make relational analysis much easier.
If you used another window for each symbol, you would have to resize them all one by one. You don't need another timescale.
There are three modes:
► Independent - selected symbol candles are colored on their own.
► Correlational - selected symbol candles are colored depending on their...
NSE:NIFTY
Simple correlation indicator which oscillates around zero
Shows default correlation with NSE:IndiaVix
You can use it to check correlation with any other trading symbol or indices by simply selecting it in the settings.
This is a crypto swing strategy, designed for long term periods and correlated pairs with crypto market total(or other coins used as correlation, however I recommend total of crypto or btc)
Its components are:
RSI with a very length
Correlation candles
SMA 9
Rules for entry:
For long : RSI is above 51 level and going higher and close of the candle is above...
RCCO is pronounced "ree-koh" or "rico".
The RCCO is simply the plot of the values of both the RSI and CCI added together.
The RCCO makes some adjustments though, so that both the RSI and the CCI will fit correctly on the same scale - and so that these adjustments for scale allow reversals to be detected at crossings.
When the CCI crosses from underneath...
This is a CRYPTO correlation strategy, which is using BTC sentiment with BITFINEX long and short ratios.
WIth them we are making from one side 2 RSI, one for long and another for short. And from another side, we are going to make multiple EMA's, using the ratios for long and short.
Rules for entry
For this scenario I created a long only strategy.
The long entry...
An indicator showing the coefficient of linear correlation between two assets for the selected period. As the initial data, the following are set: the indicator of the candle, according to which the calculation is made (maximum, minimum, closing or opening); the period for analysis; two assets between which the correlation is considered. The output is a label with...
This is a special strategy adapted for crypto market, which instead of using the current chart candles, we use inside calculation a candle from different charts.
For best usage I recommend a big timeframe like 1-4h+.
In this case we take the high, low, open and close candles from different brokers for BTC, and with it we form up the candle that we are going to...
The AutoCorrelation Indicator was created by John Ehlers (Cycle Analytics pgs 94-98) and this can be viewed as both a momentum indicator and a trend indicator. This was his basis for several other indicators that he created which I will be publishing soon but essentially as this indicator goes up then the stock is in an uptrend and also has upward momentum. You...
This indicator shows the Pearson correlation coefficient between different periods of one financial instrument. Two dates are set, which are the starting points of two series, between which the correlation coefficient is calculated. The correlation period is taken from the difference of the current date from the second reference point. The indicator is designed to...
Pretty simple. Pick a security and it plots candlesticks to compare it to the current chart.
So if looking at CAKEBTC and comparing to UNIBTC, you get CAKEUNI.
Beats the hell out of plotting multiple plots and trying to compare them. No longer is your scale based on where your zoom starts.
Also allows you to draw oscillators from the plots.
Shown is my Uber...
The Spearman Rank Indicator was created by John Ehlers (Stocks and Commodities July 2020 pg 6) and this works well as a trend confirmation indicator. This is obviously his take on the Spearman Ranking Correlation and make sure to let me know what you think! Buy when the line turns green and sell when it turns red.
Let me know if there are any other indicators you...
Returns a 4x4 correlation matrix between various user-selected symbols. Users can change the window of the correlation with the setting length .
Correlation matrices can be useful to see the linear relationship between various symbols, this is an important tool for diversification.
![BTCUSDT: Adaptive Trend Cipher loxx]](https://s3.tradingview.com/a/a7062wqw_mid.png "Adaptive Trend Cipher loxx]")
![MSFT: Racer Correlation [racer8]](https://s3.tradingview.com/p/pjqkRPhw_mid.png "Racer Correlation [racer8]")
![AAPL: Ehlers AutoCorrelation Indicator [CC]](https://s3.tradingview.com/u/utqNgI0d_mid.png "Ehlers AutoCorrelation Indicator [CC]")
![AAPL: Ehlers Spearman Rank Indicator [CC]](https://s3.tradingview.com/r/rpKPpW51_mid.png "Ehlers Spearman Rank Indicator [CC]")
