This script is useful to see correlation between macroeconomic assets, displayed in different ema line shown in percentage to compare these assets on the same basis. Percentage will depend on the time frame selection. In the higher timeframe you will see higher variation and in small timeframe smaller variation. You can select the timeframe who suit your...
US Market Overview Table will identify the bullish and bearish sectors of a day by tracking the SPDR sectors funds. It's possible to add a ticker symbol for correlation compared to each sector. Overview Indicator
Correlation between candle's price spread (length of candle of each bar) and volume. Generally, increases in volume precede significant price movements. However, If the price is rising in an uptrend but the volume is reducing, it may show that there’s little interest in the instrument, and the price may reverse. The closer the correlation is to 1.0, indicates...
This indicator aims to indicate the correlation between two assets(Current and Base), it does NOT show entries or help your chart analysis directly. The main features of this Correlation indicator is : Correlation type : Direct Correlation | Inverse Correlation | No Correlation Correlation Percentage : as its name, it calculate the Correlation Percentage...
Contain correlation matrix with filtering focused on not correlated pairs with blue color and with correlated negativly correlated with green color
This indicator aims to indicate the correlation between two assets(Current and Base), it does NOT show entries or help your chart analysis directly. The main features of this Correlation indicator is : Correlation type : Direct Correlation | Inverse Correlation | No Correlation Correlation Percentage : as its name, it calculate the Correlation Percentage...
Shows Bitcoin correlation with the selected asset. Threshold can be adjusted between 0 and 1 for adjusting the level for which color changes to orange that is diverged while blue color is correlated. The fixed 0.5 value line changes color with red Bitcoin falling and green Bitcoin rising.
Adaptive Trend Cipher Highly experimental! Features: -Implements 5 different Dominant Adaptive Cycle Measures to determine optimal inputs for correlation functions. These cycle calculations include the following: ** * Ehler's Autocorrelation Dominant Cycle * Ehler's Instantaneous Dominant Cycle * Ehler's Band-pass Dominant Cycle * Ehler's Hilbert Period...
Visually see how well a symbol tracks another's movements, without taking price deltas into account. For example, a 1% move on the index and a 5% move on the target will return a DCC value of 1. An index move of 0.5% on the index and a 10% move on the target will also return a DCC value of 1. The same happens for downward moves. The SMA value can be set to...
This indicator gauges correlation between 2 markets using my own method I invented. It is far superior to the correlation coefficient in that it maintains steady correlation values, meaning less false signals regarding correlation. Yet, the indicator's calculation is very simple in fact... It simply calculates the percentage of moves in the same direction as the...
Shows how often and how much the underlying security deviates from the base stock. Indices that help in the selection of securities: Lst10 - last 10(long factor parameter) periods average Aver - fulltime averaged pwr - total deviation area from base ust - unstability (drawdown index) cor - percent of positive bars cross - fulltime averaged deviation
This indicator is engineered to make relational analysis much easier. If you used another window for each symbol, you would have to resize them all one by one. You don't need another timescale. There are three modes: ► Independent - selected symbol candles are colored on their own. ► Correlational - selected symbol candles are colored depending on their...
Japanese below / 日本語説明は下記 This indicator shows Correlation Coefficient(CC) in table with two other ticker symbols. Strength of association is as per Pearson's Correlation Coefficient as follows. +0.75 ~ +1 : Strong positive correlation +0.5 ~ 0.75 : Moderate positive correlation +0.25 ~ 0.5 : Weak positive correlation 0 ~ 0.25 : Neglible correlation 0 ...
Hello colleagues, How much importance do you give to the volume traded in the candles to support your investments? And if it is important, you analyze the volume of the candle in the assets or correlated pairs to be certain if it is a volume of only that broker or of several? I would like to share and collaborate with a tool that can help to see the expanded...
NSE:NIFTY Simple correlation indicator which oscillates around zero Shows default correlation with NSE:IndiaVix You can use it to check correlation with any other trading symbol or indices by simply selecting it in the settings.
My first tool ! 1. The waves shows the slope of the curve. The front one = 3 periods, back one = 2 periods, difference = white area. 2. The moving lines shows the curve correlation between 2x 2 time frames (adjustable on the settings) on 2 periods lookback. 2.1 Theres few regions of high correlation, lines are at (absolute values) 0.5, 0.75, 1 3. On the top...
RCCO is pronounced "ree-koh" or "rico". The RCCO is simply the plot of the values of both the RSI and CCI added together. The RCCO makes some adjustments though, so that both the RSI and the CCI will fit correctly on the same scale - and so that these adjustments for scale allow reversals to be detected at crossings. When the CCI crosses from underneath...
An indicator showing the coefficient of linear correlation between two assets for the selected period. As the initial data, the following are set: the indicator of the candle, according to which the calculation is made (maximum, minimum, closing or opening); the period for analysis; two assets between which the correlation is considered. The output is a label with...