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
Its holiday time for me, i have been working here a lot. But no leaving before publishing. Telling when market price is smooth or rough is not the easiest task, so today i present a trend metric indicator that allow you to give you this kind of information.
The Indicator
The indicator is in an approximate range of (0,1) with mean x̄ decaying...
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...
A simple Correlation Indicator initially configured for Crypto Trader use (but other markets can use this too).
It plots the correlation between the current chart (say BTCUSD ) versus 4 user-definable indices, currency pairs, stocks etc.
By default, the indicator is preconfigured for:
GOLD (Oz/$),
Dow Jones Index (DJI),
Standard & Poor 500 Index (SPX) ,...
Introduction
The inverse fisher transform or hyperbolic tangent function is a type os sigmoid function (sometime called squashing function) , those types of functions can rescale a result in a certain range and are widely used in artificial intelligence. More in depth the fisher transform can make the correlation coefficient of a time series normally...
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...
Hey!
I will share with u the Rate Of Change indicator for 21 coins, it's special to use with my last published script, the Correlation formula.
You can find volatility, with a directional sense if it's a positive change, or negative change.
Hope you enjoy it!
Hey!
I remade some dude's script to add more coins.
Its a pearson correlation indicator, which would give us an idea of the main trend and behaviour of the pairs you choose.
Wasabi Tool: Bitcoin Correlation Indicator
This indicator shows Kendall's correlation in red and Pearson's correlation in blue.
* How to use:
As the value is getting near +1, a positive correlation gets stronger.
On the other hand, as the value is getting near -1, a negative correlation gets stronger.
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Wasabi Tool: Bitcoin Correlation Indicator(Wasabi...
Wasabi Tool: Bitcoin-Dominance Correlation Indicator
This indicator shows Kendall's correlation in red and Pearson correlation in blue.
* How to use:
As the line is getting near +1, a positive correlation gets stronger.
On the other hand, as the line is getting near -1, a negative correlation gets stronger.
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Wasabi Tool: Bitcoin-Dominance Correlation...
Introduction
This indicator was asked and named by a trading meetup participant in Sevilla. The original question was "How to estimate the correlation between the price and a line as easy as possible", a question who got little attention. I previously proposed a correlation estimate using a modification of the standard score (see at the end of the post) for...
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...
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
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...
This is just a modified correlation coefficient indicator that shows the correlation coefficient between five different assets and the one on the chart.
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...
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...
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...
![BTCUSDT: Correlation Volitility Bars [BVCC]](https://s3.tradingview.com/j/j7Hm0dMR_mid.png "Correlation Volitility Bars [BVCC]")
![USDJPY: Correlation Checker[mado]](https://s3.tradingview.com/r/REyWCWTW_mid.png "Correlation Checker[mado]")
