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...
This script implements a rebrushed distance-based pair trading strategy. In this strategy, normally they trade the difference between the prices of two instruments. This difference is also called spread. Here, however we’ll trade the difference between two time frames of one instrument. And that's the main trick. Common procedure consists of the following...
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...
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 :...
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 free...
Conceptual indicator based on trying to find an inverse correlation between bitcoin and traditional markets due to bitcoin's usefulness as a hedge against economic downturns.
How to use this script: you look at it and see if there is a correlation or not between bitcoin/Ethereum price and either U.S. stock CVi, buy volume, sell volume, calls, puts, or the call/put ratio.
This study is an experiment in adaptive filtering. The process in this study was inspired by KAMA and ZLEMA filtering techniques.
First, data is given an optional modification for lag reduction.
Then, an adaptive filter of your choice is calculated. There are 6 different adaptive filters to choose from in this study:
-Commodity Channel Index Adaptive Moving...
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...
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!
Chande Kroll R-Squared Index script.
This indicator was originally developed by Tushar S. Chande and Stanley Kroll (see their book `The New Technical Trader`, Chapter 2: `Linear Regression Analysis`).
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...
This gives you the ability to track multiple tickers correlation aspects compared to the ticker you are currently viewing.
You can plot the background color and also shapes above the candles.
I personally only see the use of negative correlation to be of much use as most moves that have a heavy negative correlation with other largecaps are likely to get faded by...
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
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 tons...
Calculations for Historical Volatility, Kurtosis, Skewness and Historical Correlation between two assets.
--------------------------------------
If you find it useful please consider a tip/donation :
BTC - 3BMEXEDyWJ58eXUEALYPadbn1wwWKmf6sA
--------------------------------------
Kendall Rank Correlation Coefficient script.
This way to measure the ordinal association between two measured quantities described by Maurice Kendall (1938, Biometrika, 30 (1–2): 81–89, "A New Measure of Rank Correlation").
In this script I compare Kendall Coefficient and Pearson Coefficient (using built-in "correlation" function).
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...
Trang web này sử dụng cookie để đảm bảo bạn có được trải nghiệm tốt nhất trên trang web của chúng tôi. Để tìm hiểu thêm về cookie, bao gồm cách kiểm soát cookie, vui lòng đọc Chính sách cookie của chúng tôi.
![BTCUSD: U.S. Stocks & Options CVI to Bitcoin Correlation [NeoButane]](https://s3.tradingview.com/d/dRbyvCr8_mid.png "U.S. Stocks & Options CVI to Bitcoin Correlation [NeoButane]")
![BTCUSD: Index Adaptive Keltner Channels [DW]](https://s3.tradingview.com/f/F6BVjYMH_mid.png "Index Adaptive Keltner Channels [DW]")
![XRPUSD: Crypto Correlation Matrix Series [SHK]](https://s3.tradingview.com/8/8njpx9ne_mid.png "Crypto Correlation Matrix Series [SHK]")
![BTCUSDT: [MaliciousUpload] Multi Ticker Correlation w/Overlay](https://s3.tradingview.com/s/SKYf4cnu_mid.png "[MaliciousUpload] Multi Ticker Correlation w/Overlay")
