Correlation amongst assets is the degree to which they move in tandem. Diversification is a technique for reducing risk. Most people tend to think this is achieved simply by investing in a variety of assets instead of just a few. This is wrong. Proper diversification is achieved when you reduce the correlation between the assets in your portfolio. 0.5 to...

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This script was written to calculate the correlation coefficient (Adjusted R-Squared) for one dependent and two independent variables.(3-way) Pearson correlation method was used with exponential moving averages as the correlation calculation method. Use your source ( i use "close" generally ) as the dependent variable. Inspired by this article :...

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Computes the partial correlation between 2 symbols while removing the influence of a third. Ex.: Computes the correlation between AAPL and AMZN while removing the influence of SPX.

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3 indicators in 1. Included Indicators are: - Correlation Coefficient - RSI - Stochastics Basic usage of these indicators respectively are: - CC value of 1 represents a perfect correlation, while a value of -1 represents an inverted correlation. - RSI values above 70 is commonly overbought, whilst below 30 is oversold. - Stochastics for describing the momentum...

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Visually see how well a symbol tracks another's movements, without taking price deltas into account. For example, a 1% move on the index and a 5% move on the target will return a DCC value of 1. An index move of 0.5% on the index and a 10% move on the target will also return a DCC value of 1. The same happens for downward moves. The SMA value can be set to...

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Japanese below / 日本語説明は下記 This indicator shows Correlation Coefficient(CC) in table with two other ticker symbols. Strength of association is as per Pearson's Correlation Coefficient as follows. +0.75 ~ +1 : Strong positive correlation +0.5 ~ 0.75 : Moderate positive correlation +0.25 ~ 0.5 : Weak positive correlation 0 ~ 0.25 : Neglible correlation 0 ...

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Meet our all-new Portfolio Manager The idea of such a tool was the lack of anything like that out there. Recently I've seen that the culture most common around the newcomers to trading has become extraordinarily scalping-like and much leaned on high-risk operations. Fundamental cornerstones of math and statistics that are keys to lasting networth growth have...

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Correlation Coefficient (CC): with CC momentum and acceleration oscillators, and momentum-divergence indicator.

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It's a pretty simple indicator that allows you to calculate the stock's correlation directly in TradingView. You can use up to 5 symbols in this indicator. You can use any timeframe and limit date range for correlation calculation. It's a pro indicator, you can have access to it for a small fee. Link to my PRO indicators you can find in my signature. Will be...

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Correlation of two stocks based on the percentile difference. Option to choose 4 different periods.

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This is just a modified correlation coefficient indicator that shows the correlation coefficient between five different assets and the one on the chart.

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Estimating the LSMA Without Classics Parameters I already mentioned various methods in order to estimate the LSMA in the idea i published. The parameter who still appeared on both the previous estimation and the classic LSMA was the sample correlation coefficient. This indicator will use an estimate of the correlation coefficient using the standard score thus...

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An Indicator to measure Correlation Coefficient (-1 to 1). This indicator can be added to other indicators to measure correlation between them and any given source. Here, it's used to show the correlation between Historical Volatility Rank and price. As well as, the correlation between Historical Volatility and price. "A correlation coefficient is a numerical...

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Hi everyone! This tool helps to identify the best positive and negative correlated pairs from 38 well-known Forex pairs. By default it will find the best correlations for your current ticker. If you are a newbie in Correlation Analysis you can find a brief explanation here . Settings Lookback for correlations (default: 14 ) Option to use or not to...

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Hey there! This tool helps to identify the best positive and negative correlated pairs from 38 crypto */USD pairs. By default it will find the best correlations for your current ticker. If you are a newbie in Correlation Analysis you can find a brief explanation here . Settings Lookback for correlations (default: 14 ) Option to use or not to use...

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Hey there! This tool helps to identify the best positive and negative correlated pairs from 38 */ETH cryptocurrency pairs. By default it will find the best correlations for your current ticker. If you are a newbie in Correlation Analysis you can find a brief explanation here . Settings Lookback for correlations (default: 14 ) Option to use or not to...

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Hey there! This tool helps to identify the best positive and negative correlated pairs from 38 */BTC cryptocurrency pairs. By default it will find the best correlations for your current ticker. If you are a newbie in Correlation Analysis you can find a brief explanation here . Settings Lookback for correlations (default: 14 ) Option to use or not to...

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Hello traders! This tool shows you the correlation between well-known stock market indices and selected instrument. Also it has customizable alerts for the strong positive and negative correlations. What are correlation and correlation coefficient? Correlation is a term from mathematical statistics that describes the strength of linear relationship between the...

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