Correlation Coefficient Modified

17 thg 4, 2020

This indicator is based on correlation coefficient (CC).
It improves upon CC by smoothing it out using an sma.
The result is a much smoother and much more accurate reflection between the correlation of 2 instruments.

25 thg 7, 2020

Phát hành các Ghi chú

1. yellow to orange
2. Area to columns

26 thg 7, 2020

Phát hành các Ghi chú

blue - weak correlation*
yellow - moderate correlation*
red - strong correlation*

*Positive or negative

12 thg 11, 2021

Phát hành các Ghi chú

Changed default settings from (3,100) to (2,500)... improves accuracy!
Added indicator level lines...to improve visuals, makes it easier to see how close to the 30 level the indicator is.
;)