OPEN-SOURCE SCRIPT

Intermarket Correlation Table

Diupdate
The Correlation Coefficient is used to measure the correlation between two sets of data. In the trading world, the Correlation Coefficient is a measure of the correlation between two data sets of financial instruments. The correlation between two financial instruments is the degree in which they are related. Correlation is based on a scale of 1 to -1. The closer the Correlation Coefficient is to 1, the higher their positive correlation. The instruments will move up and down together. The closer the Correlation coefficient is to -1, the more they move in opposite directions. A value at 0 indicates that there is no correlation.

This indicator uses the built in ta.correlation function to calculate the correlation coefficient between DXY and NQ, ES, YM, US10Y, and ZN respectively. It then presents the data in a customizable table that is view as an overlay on your chart.
  • Adjust the length of the correlation factor to calculate higher time frame correlation.
  • Asset background changes based on current candle direction.
  • Coefficient background color changes based on whether the assets are properly correlated.

  • DXY is inversely correlated to NQ, ES, YM, and ZN.
  • DXY is directly correlated to US10Y.
  • The colors are reflected as such.
Catatan Rilis
*Fixed ZN correlation color
Catatan Rilis
*Added an auto HTF option that will average the next higher time frame candle from the current chart time frame.

If selected:
On m1 it analyzes 5 candles.
On m5 it analyzes 3 candles.
On m15 it analyzes 4 candles.
On H1 it analyzes 4 candles.
On H4 it analyzes 6 candles.
Catatan Rilis
*Added the ability to set all assets for the table.
correlationFundamental AnalysisintermarketanalysisTrend Analysis

Skrip open-source

Dengan semangat TradingView yang sesungguhnya, penulis skrip ini telah menerbitkannya sebagai sumber terbuka, sehingga para trader dapat memahami dan memverifikasinya. Hormat untuk penulisnya! Anda dapat menggunakannya secara gratis, namun penggunaan kembali kode ini dalam publikasi diatur oleh Tata Tertib. Anda dapat memfavoritkannya untuk digunakan pada chart

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