correlation

sherwind

A port of the trading strategy described at technical.traders.com "In “Trading The Loonie,” which appeared in the December 2015 issue of STOCKS & COMMODITIES, author Markos Katsanos explains the heavy correlation between the Canadian dollar and crude oil. He then goes on to describe how one could trade this correlation. Using similar logic as that employed in...

lvturner

A simple script to display how correlated the current ticker is to Bitcoin. Inputs are the number of bars to check correlation for (default 10) and the the ticker to use for BTC comparison (default is BITFINEX:BTCUSD) Values of 1 are highly correlated (i.e. bitcoin moves up, so does your current ticker), values of -1 are inversely correlated (i.e. bitcoin moves...

conradbr

Fundamentals The idea for this script is based on Fundamentals. I wanted to verify the strength/weakness of the US dollar against other major economies This will keep me on the right side of the "trend" .. bullish or bearish ? In short, because Fundamentals Analysis are reflected via economic updates which influences what the price will be doing for the next...

BacktestRookies Wizard

The code in contains a simple correlation indicator that can be used as an alternative to Tradingview’s built-in “Correlation Coefficient” indicator. The indicator allows users to correlate up to 3 separate instruments on the same subplot. This allows you, for example, to easily see the correlation of your instrument with stocks, bonds and FX. Alternatively, a...

DonovanWall Wizard

This is a simple study designed to visualize price correlation coefficients between multiple securities.

DonovanWall Wizard Aktualisiert 

This is a simple study designed to visualize price correlations between securities.

mcbw_

This is a pretty simple indicator, it measures the momentum of bitcoin as compared to usd,eur,eth,dash, and ltc, which you can see in all of the blue lines. If the red line is above zero then it means the overall value of btc is going up, opposite for down. The Ema_window controls how smooth the signal is. If you shorten the Ema_window parameter and open this on...

RyanMartin Aktualisiert 

This script is very much beta! This is a simple script to visualize how two symbols move in relation to each other. For example if the underlying symbol is a 2x Gold ETF (meaning the ticker moves at 2x the spot price of gold---if gold goes up 3% this ticker should go up 6%) and the comparison symbol is an 2x inverse gold ETF (at gold up 3% this should move down...

OlgaObara

Graph shows level of correlation between current source and another one and track current value of it. User can select source for comparison, graph period and number of candles for calculation, enter level of significal correlation (+-0.65 by default). Grapf contains 4 plots: Correlation - current level of correlation, Zero line , +Corr_level - minimum level of...

bnh

This is my latest attempt to show price movement differences between symbols. I want to see the buying and selling pressure... is that price movement going with the market or is it moving alone? It's VERY interesting to watch this indicator and see how things play out! In my previous versions the arrows on the chart were too much clutter, while the single row of...

bnh

"CoCo World" helps to answer the following question... Is this stock moving alone or with other markets? No stock is an island, so it's important to see what everyone else is doing! With limited screen real estate, I want to see as much info as possible as I'm evaluating US equities and deciding to pull the trigger to buy and sell. My "CoCo World" indicator...

AleksanderThor

Check the correlation of different assets on your preferred timeframe to find trends, patterns, new strategies or to minimize the exposure in correlated assets

forexpirate

Script plots correlation of chart symbol to a variety of indexes, symbols, equities. ** Original idea was to find Bitcoin correlation, which I did not. Built in correlations are: Nikie, DAX, SPY, AAPL, US Dollar, Gold, EURUSD, USDCNY, EEM, QQQ, XLK, XLF, USDJPY, EURGBP

tarzan

Here we have an intramarket correlator taken as an excerpt from the L-O-L-A institutional trading system. The plot displayed on the screen is the correlation index of the correlated security plotted against the security data series. Suggest simple line plots of contrasting colors. When the plot is below the security price this is an indication of a strong...

RicardoSantos Wizard

Power oscillator to discern what currency's are stronger/weaker. added option to use a smoothed source(close) for pooling the change, giving longer term directional bias, note that this causes lag in the results as MA's turn slower than price.

RicardoSantos Wizard

Power oscillator to discern what currency's are stronger/weaker.

SpreadEagle71

The Power Law Correlation Indicator is an attempt to chart when a stock/currency/futures contract goes parabolic forming a upward or downward curve that accelerates according to power laws. I've read about power laws from Sornette Diedler ( www.marketcalls.in ). And I think the theory is a good one. The idea behind this indicator is that it will rise to 1.0...

RicardoSantos Wizard

EXPERIMENTAL: Gold version.