Asset Correlation Tool v3, improvedI found this useful tool among the indicators but it wasn't doing the correlation study correctly.
Everything in markets, with only a few exceptions, are rising in value over time and therefore trended to time. The simplest method I found is to use link relative or first difference detrending, before calculating a correlation between assets.
I also updated it to include more assets, to use the latest Cryptocap indices like BTC.D/ETH.D/TOTAL2 and the top 100 crypto index CIX100. I improved the colour schemes, too
Included in the source code are some other ideas like the FRED:M1 and FRED:M2 (only on daily charts), the Yuan/Yen/EUR/USD, etc. There's lots of scope for correlating unrelated markets.
I'll keep updating it as I use it to find truly correlated assets. Some kind of signal line of known correlations, to subtract from the baseline fuzz of market activity.
Any improvements are most welcome; I'm a novice at best at statistics and build on others' work.
- mabonyi
In den Scripts nach "美国m2历年数据" suchen
Credit Creation Degree_Debt/M1 [Xiaolai(Sean) Chen] TathaGadaReflect on my previous script "Credit Creation Degree" which is M2/M1 money stock value is the reflection of the degree of credit created which was mentioned by Ray Dalio in his 30 min video "How the Market and Economic Machines Work"
This is another option which compares the Federal Government Debt: Total domestic debt with M1 Money stock
Credit degree will finally decrease in the Long-Term Debt circle.
Credit Creation Degree_Debt/M1 [Xiaolai(Sean) Chen]Reflect on my previous script "Credit Creation Degree" which is M2/M1 money stock value is the reflection of the degree of credit created which was mentioned by Ray Dalio in his 30 min video "How the Market and Economic Machines Work"
This is another option which compares the Federal Government Debt: Total domestic debt with M1 Money stock
Credit degree will finally decrease in the Long-Term Debt circle.
Privacy Coins IndexEqual weighted price index of the following privacy themed/ZN Proof coins:
m1 = Exch("zec")
m2 = Exch("xmr")
m3 = Exch("bcn")
m4 = Exch("pivx")
m5 = Exch("xzc")
m6 = Exch("zen")
Decentralized Exchange Coins Indexm1 = Exch("bts")
m2 = Exch("knc")
m3 = Exch("zrx")
m4 = Exch("lrc")
m5 = Exch("bnt")
Micro Alts IndexEqual weighted price index of the following coins:
m1 = Exch("rby")
m2 = Exch("slr")
m3 = Exch("bsd")
m4 = Exch("ok")
m5 = Exch("gam")
m6 = Exch("sphr"
Small Alts IndexEqual Weighted price index of the following coins
m1 = Exch("rcn")
m2 = Exch("ast"
m3 = Exch("edo")
m4 = Exch("lend")
m5 = Exch("dnt")
Mid Cap Alts IndexEqual weighted price index of the following coins
m1 = Exch("zec")
m2 = Exch("icx")
m3 = Exch("lsk")
m4 = Exch("zil")
m5 = Exch("ont")
Large Alts IndexEqual Weighted index of the following coins:
m1 = Exch("xlm")
m2 = Exch("ada")
m3 = Exch("trx")
m4 = Exch("iota")
m5 = Exch("neo")
Full StochasticFull Stochastic based on Slow Stochastic by Oshri17
First the %K(fast) line is calculated, as with the Fast Stochastics. (This line is not shown in the graph.)
Then:
%K(full) = M1 - period simple moving average of the %K(fast) line
%D(full) = M2 - period simple moving average of the %K(full) line
@see www.oanda.com
