This script was written to calculate the correlation coefficient (Adjusted R-Squared) for one dependent and two independent variables.(3-way)
Pearson correlation method was used with exponential moving averages as the correlation calculation method.
Use your source ( i use "close" generally ) as the dependent variable.
Inspired by this article :...
This script was written to create a new, rapid relative strength index inspired by the Dow Theory.
More info about Dow Theory : www.investopedia.com
According to the Dow Theory, volume should confirm market trends.
The correlation coefficient between prices and volume is negative in weakening trends and negative trends , positive in strengthening or positive...
Autocorrelation, also known as serial correlation, is the correlation of a signal with a delayed copy of itself as a function of delay. Informally, it is the similarity between observations as a function of the time lag between them. The analysis of autocorrelation is a mathematical tool for finding repeating patterns, such as the presence of a periodic signal...
Used with Pearson Correlation. It can be used to make sense of the trends. Very successful results can be obtained with a MACD style indicator and volume indicator that gives Buy and Sell orders.Open for adaptive and mutable variable periods of moving averages. Best regards!
Introduction
The correlation oscillator is a technical indicator that measure the linear relationship between the market closing price and a simple increasing line, the indicator is in a (-1,1) range and rise when price is up-trending and fall when price is down-trending. Another characteristic of the indicator is its inherent smoothing which provide a noise...
Calculations for Historical Volatility, Kurtosis, Skewness and Historical Correlation between two assets.
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BTC - 3BMEXEDyWJ58eXUEALYPadbn1wwWKmf6sA
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Hey folks
A quick unrelated but interesting foreword
Hope you're all good and well and tanned
Me? I'm preparing the opening of my website where we're going to offer the Algorithm Builder Single Trend, Multiple Trends, Multi-Timeframe and plenty of others across many platforms (TradingView, FXCM, MT4, PRT). While others are at the beach and tanning (Yes I'm...
Introduction
Its holiday time for me, i have been working here a lot. But no leaving before publishing. Telling when market price is smooth or rough is not the easiest task, so today i present a trend metric indicator that allow you to give you this kind of information.
The Indicator
The indicator is in an approximate range of (0,1) with mean x̄ decaying...
Hi everyone
A co-pinescripter friend told me this was impossible to do and we bet a free dinner tomorrow. Guess who's going to be invited to a very fancy restaurant tomorrow :) :) :) (hint: not him)
What's the today script is about?
This script is based on this MT4 correlation matrix
Asset correlation is a measure of how investments move in relation to one...
A simple Correlation Indicator initially configured for Crypto Trader use (but other markets can use this too).
It plots the correlation between the current chart (say BTCUSD ) versus 4 user-definable indices, currency pairs, stocks etc.
By default, the indicator is preconfigured for:
GOLD (Oz/$),
Dow Jones Index (DJI),
Standard & Poor 500 Index (SPX) ,...
Introduction
The inverse fisher transform or hyperbolic tangent function is a type os sigmoid function (sometime called squashing function) , those types of functions can rescale a result in a certain range and are widely used in artificial intelligence. More in depth the fisher transform can make the correlation coefficient of a time series normally...
Introduction
There are different and better way's to see price data, a candlestick chart is one of the best way to see the price since you have access to the open/high/low/close information, this is really efficient and can allow for naked non parametric trading strategies (candlesticks patterns) . But what about making candles out of indicators ? There are...
Hey!
I will share with u the Rate Of Change indicator for 21 coins, it's special to use with my last published script, the Correlation formula.
You can find volatility, with a directional sense if it's a positive change, or negative change.
Hope you enjoy it!
Hey!
I remade some dude's script to add more coins.
Its a pearson correlation indicator, which would give us an idea of the main trend and behaviour of the pairs you choose.
Wasabi Tool: Bitcoin Correlation Indicator
This indicator shows Kendall's correlation in red and Pearson's correlation in blue.
* How to use:
As the value is getting near +1, a positive correlation gets stronger.
On the other hand, as the value is getting near -1, a negative correlation gets stronger.
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Wasabi Tool: Bitcoin Correlation Indicator(Wasabi...
Wasabi Tool: Bitcoin-Dominance Correlation Indicator
This indicator shows Kendall's correlation in red and Pearson correlation in blue.
* How to use:
As the line is getting near +1, a positive correlation gets stronger.
On the other hand, as the line is getting near -1, a negative correlation gets stronger.
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Wasabi Tool: Bitcoin-Dominance Correlation...
Introduction
This indicator was asked and named by a trading meetup participant in Sevilla. The original question was "How to estimate the correlation between the price and a line as easy as possible", a question who got little attention. I previously proposed a correlation estimate using a modification of the standard score (see at the end of the post) for...
