OPEN-SOURCE SCRIPT

Normalized Correlation Coefficient

Diupdate
This is a normalized correlation coefficient that can be used with any timeframe or symbol desired (found in the indicator settings). The normalization function makes the coefficient bound between 0-1. There is a subjective threshold at 0.80 where anything below the threshold tends to be higher risk in trading as opposed to above the threshold.

Suggestions:
- Use a timeframe slightly higher than your current chart for optimal results.
- Do not use as a standalone strategy, rather, use it as a layer of confirmation.
- For altcoin cryptocurrencies, we suggest tethering the indicator to the "OTHERS" chart.
Catatan Rilis
Changed the length code from 252 to 40. Can be changed further by users.
Catatan Rilis
Took out flavor text, updated chart image.
correlationCorrelation Coefficient (CC)statistics

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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