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.
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.