Pearson correlation coefficient measures the linear correlation between two variables. It has a value between +1 and −1, where 1 is total positive linear correlation, 0 is no linear correlation and −1 is total negative linear correlation. It’s often denoted by r for sample correlation and ρ for population correlation.
Note: Pearson Correlation only measures...
This is my "Pine-based" correlation() function written in raw Pine Script. Other names applied to it are "Pearson Correlation", "Pearson's r", and one I can never remember being "Pearson Product-Moment Correlation Coefficient(PPMCC)". There is two basic ways to utilize this script. One is checking correlation with another asset such as the S&P 500 (provided as a...
![BTCUSD: Correlation with P-Value & Confidence Interval [pig]](https://s3.tradingview.com/a/AFYOSCoG_mid.png "Correlation with P-Value & Confidence Interval [pig]")
