OPEN-SOURCE SCRIPT
Negative Correlation Signals
Thank you to Hendrik Fuchs who coded this for me - I highly recommend you...
The AUDUSD/EURUSD has a negative correlation with the DXY as does the GBPJPY/USDJPY have with the JPYX. This indicator is very simple and uses opposite candle pinbars (pinbar/doji structure can be set by you) of the two instruments on the chart whilst the stochastic RSI should be above 80 for overbought on the one but below 20 on the other for oversold (or vice versa) to generate a signal.
This indicator works as follow:
1. Choose an instrument that has an opposing negatively correlated instrument (EURUSD & DXY, GBPJPY & JPYX, US100 & VIX, etc.)
2. Add indicator to the chart and open settings.
3. Open the settings and add the correct instruments (default is set to GBPJPY & JPYX).
4. Enter your desired Stochastic RSI & candle formation settings.
You will see buy and sell signals appear on the charts. Alerts are possible (Any alert() function call). Does not repaint after close of candle. Better on higher timeframes but can also be used for scalping. Best used as confluence or as part of a trend trading system.
There are obviously many many variations that I have not even thought off - please let us know in the comment section if you find settings/timeframes/instruments that work particularly well.
The AUDUSD/EURUSD has a negative correlation with the DXY as does the GBPJPY/USDJPY have with the JPYX. This indicator is very simple and uses opposite candle pinbars (pinbar/doji structure can be set by you) of the two instruments on the chart whilst the stochastic RSI should be above 80 for overbought on the one but below 20 on the other for oversold (or vice versa) to generate a signal.
This indicator works as follow:
1. Choose an instrument that has an opposing negatively correlated instrument (EURUSD & DXY, GBPJPY & JPYX, US100 & VIX, etc.)
2. Add indicator to the chart and open settings.
3. Open the settings and add the correct instruments (default is set to GBPJPY & JPYX).
4. Enter your desired Stochastic RSI & candle formation settings.
You will see buy and sell signals appear on the charts. Alerts are possible (Any alert() function call). Does not repaint after close of candle. Better on higher timeframes but can also be used for scalping. Best used as confluence or as part of a trend trading system.
There are obviously many many variations that I have not even thought off - please let us know in the comment section if you find settings/timeframes/instruments that work particularly well.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, penulis skrip ini telah menjadikannya sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Hormat untuk penulisnya! Meskipun anda dapat menggunakannya secara gratis, ingatlah bahwa penerbitan ulang kode tersebut tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, penulis skrip ini telah menjadikannya sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Hormat untuk penulisnya! Meskipun anda dapat menggunakannya secara gratis, ingatlah bahwa penerbitan ulang kode tersebut tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.