correlation

Fifth_Horizon Aktualisiert 

This chart will allow you to compare the volatility of correlation of any other instrument to your current chart. When the comparison coin is selected, it will overlay your current bars with additional information that shows up/down correlation to your master chart as well the volatility of that correlation. This can be used to compare other coins to BTC for a...

madoqa

you can check correlation between current symbol and another 6 symbols. default setting for USDJPY. EURUSD/US10Y/JP10Y/JPN225/DJI/GOLD ex For AUDUSD, US10Y/AU10Y/NZDUSD/USDCHF/HSI/DJI

CryptoAlpha_indicators

This indicator is designed to run in the background and provide a bird's eye view of what the prevailing trend is currently (positive/negative). The navy blue background color indicates a positive trend underway and conversely the red background color indicates a negative trend has been detected. Formulated with Ehler's Force Index and the Exponential...

SegaRKO Aktualisiert 

This is just a modified correlation coefficient indicator that shows the correlation coefficient between five different assets and the one on the chart.

alexgrover Wizard

Estimating the LSMA Without Classics Parameters I already mentioned various methods in order to estimate the LSMA in the idea i published. The parameter who still appeared on both the previous estimation and the classic LSMA was the sample correlation coefficient. This indicator will use an estimate of the correlation coefficient using the standard score thus...

BacktestRookies Wizard

Synergy Stats This indicator is intended to complement the Synergy indicator. It provides the following statistics: A percentage showing how often the two assets move in the opposite direction over a given lookback period. Similarly, another percentage showing how often the two assets move in the same direction over the same lookback period. Count the...

BacktestRookies Wizard

Synergy This indicator was developed for use in an investigation/tutorial using Pine Script to analyse Gold and US Dollar Index correlation. The first indicator shall measure the percentage change between the open and close of each bar and compare it to the same percentage change of an alternative asset. Additionally, we shall color the background when the two...

everget Wizard Aktualisiert 

Hi everyone! This tool helps to identify the best positive and negative correlated pairs from 38 well-known Forex pairs. By default it will find the best correlations for your current ticker. If you are a newbie in Correlation Analysis you can find a brief explanation here . Settings Lookback for correlations (default: 14 ) Option to use or not to...

everget Wizard Aktualisiert 

Hey there! This tool helps to identify the best positive and negative correlated pairs from 38 crypto */USD pairs. By default it will find the best correlations for your current ticker. If you are a newbie in Correlation Analysis you can find a brief explanation here . Settings Lookback for correlations (default: 14 ) Option to use or not to use...

everget Wizard Aktualisiert 

Hey there! This tool helps to identify the best positive and negative correlated pairs from 38 */ETH cryptocurrency pairs. By default it will find the best correlations for your current ticker. If you are a newbie in Correlation Analysis you can find a brief explanation here . Settings Lookback for correlations (default: 14 ) Option to use or not to...

everget Wizard Aktualisiert 

Hey there! This tool helps to identify the best positive and negative correlated pairs from 38 */BTC cryptocurrency pairs. By default it will find the best correlations for your current ticker. If you are a newbie in Correlation Analysis you can find a brief explanation here . Settings Lookback for correlations (default: 14 ) Option to use or not to...

everget Wizard Aktualisiert 

Hello traders! This tool shows you the correlation between well-known stock market indices and selected instrument. Also it has customizable alerts for the strong positive and negative correlations. What are correlation and correlation coefficient? Correlation is a term from mathematical statistics that describes the strength of linear relationship between the...

MTX

Computes the partial correlation between 2 symbols while removing the influence of a third. Ex.: Computes the correlation between AAPL and AMZN while removing the influence of SPX.

shayankm Aktualisiert 

Hi everyone, Although everything's clear from the title but I should describe some basic points. Currency Correlation is a statistical measure of how two securities move in relation to each other. So this script is used to show if current pair (alt-coins) is moving in the same direction of bitcoin (or ethereum) or not. Consider that in crypto market most of...

syrinxflunki

Can't take credit for this, I found it somewhere, no idea where... It correlates 6 tickers... enjoy.

everget Wizard Aktualisiert 

A utility tool to find linear relationships between major forex pairs and specified symbol. Features 30 well known forex pairs (Pine Script has its limits and incomprehensible "study" errors) Ability to specify any symbol to see correlations Ability to specify a preferred timeframe Ability to specify correlation lookback Ability to specify...

everget Wizard Aktualisiert 

A utility tool to find linear relationships between major cryptocurrency pairs and specified symbol. Features 31 well known cryptocurrency pairs (Pine Script has its limits and incomprehensible "study" errors) Ability to specify any symbol to see correlations Ability to specify a preferred timeframe Ability to specify correlation lookback Ability...

Supervillain Aktualisiert 

Correlation amongst assets is the degree to which they move in tandem. This indicator measures correlation between different assets. Why is that important? To any investor diversification is a very important technique for reducing risk. The problem is that most misunderstand it. Most people tend to think diversification is achieved simply by investing in a...