Correlation

Overlay Mini Plot(s) of Correlated Asset(s)Overlay a small plot of a correlated asset of your choosing. Shrink/expand, Set vertical and horizontal position, plot multiple mini-plots via duplicate indicators with varied settings. Plots the last X bars of any asset; including the live candle currently painting Useful for low time frame trading when you want to see correlated asset price movement right alongside the price movement you're watching. Useful for quick and simple comparisons; when you don't want the clutter of split screen or multi-pane view. Useful for backtesting. Price scale agnostic; just plots the shape of the recent price action, with several optional labels: Asset+timeframe | Live Price | Highest price over X bars | Lowest price over X bars. Works fine with all the assets i've tested it on. ~~User inputs~~ -number of bars to paint. -horizontal offset: plot to right X bars or to left X bars -vertical offset: shift up or down, shrink or expand; by using 2 'spacer' inputs -color/transparancy of candles and price labels. -width (pixels) of candle bodies. -choose to display price labels or not -choose to display asset label or not ~~Tips~~ --Add several of these indicators; changing the vertical 'Shift/Shrink' settings on each to visually separate them. --In the above chart or EurUsd, there are three indicators =>> three mini-plots overlaid: DXY, EurGbp and GbpUsd. Using the following settings for Space Above:Space Below: DXY- 0.1:4.5 | EurGbp- 1.8:1.8 | GbpUsd- 4.5:0.1 --the more you add, the more you'll have to vertically shrink the plots © twingall

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Adaptive Supertrend w/ Floating Levels [Loxx]Adaptive Supertrend w/ Floating Levels is a Supertrend indicator made adaptive by comparing the coefficient of determination / average of the least squares. The basic concept is this: use correlation with an r-squared line to adapt the period of the indicator, thereby resulting in a more versatile Supertrend. This adaptive formula makes the Supertrend more reactive to small fluctuation in the market while still doing what it's supposed to do: track trend. In addition, floating levels are drawn above or below the Supertrend which are calculated with percentage of the highest and lowest values of the Supertrend within the last “lookback” period. These floating levels act as filter to detect / prevent false trend reversals. T What is the Supertrend? Supertrend indicator was created by Olivier Seban to work on different time frames. It works for futures, forex, and equities. It is used in 15 minutes, hourly, weekly, and daily charts. Based on the parameters of multiplier and period, the indicator normally uses 3 for multiplier and 7 for the ATR period as default values. Average True Range is represented by the number of days while the multiplier is the value by which the range is multiplied. Included -Toggle on/off bar coloring -Toggle on/off adaptivity -Toggle on/off fill coloring

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Asset Correlation This indicator shows correlation strength between the source asset plotted in the main chart and a user-input asset in the indicator panel. For example, if the main chart panel is displaying BTCUSD and the correlation indicator is NDX, then the correlation strength is plotted as the relationship between the two. A strong positive correlation target is set at 0.80 but can be changed. A strong negative correlation target is set at -0.80 and can also be changed. The indicator also has an option for a plot of the ta.correlation() function for a reference line.

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RSI correlation with cryptoindices [strategy version]Dear TV'ers, Hereby the strategy script where the RSI of an altcoin can be compared to one of the selected cryptocap indices. Included are: -total market cap -total market cap minus bitcoin -total market cap others -total market cap usdt -cix100 index -btc dominance -btc total cap If the signal crosses over 1, then the altcoin is undervalued compared to the crypto index (and considered a buying signal here). If the signal crosses under 1, then the altcoin is overvalued compared to the selected crypto-index and a short signal is produced. !!Please note that the selected timeframe for the reference pair should be a higher time of the chart in order to prevent repainting!!!

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by DynamicSignalLab

Macro EMA Correlation This script is useful to see correlation between macroeconomic assets, displayed in different ema line shown in percentage to compare these assets on the same basis. Percentage will depend on the time frame selection. In the higher timeframe you will see higher variation and in small timeframe smaller variation. You can select the timeframe who suit your trading style. The 1h and 4h fit well for longer trend swing trade and the lower time frame 15m, 5m, 1m are good for scalping or daily trading. The following asset are available: Bitcoin Ethereum Gold Crypto total market cap excluding bitcoin (total2) United state 10-year government bond (US10Y) Usdt dominance show the concentration of usdt hold. For example, when trader are fearful they sell their crypto position to keep more usdt in their portfolio (USDT.D) The USD/JPY pair the dollar usd versus the Japanese Yen one of the most forex traded pair. You can clic on parameter to select the asset you want to analyse. The main correlation observed are: bitcoin negatively correlated with the usdt dominance. bitcoin negatively correlated with the usd/jpy pair bitcoin is positively correlated to eth, total2 (altcoin) bitcoin positively correlated with gold bitcoin is mostly negatively correlated to us10y The basis of correlation is that positively correlated asset goes in the same direction and that the negatively correlated goes in opposite direction. So, the idea is to use these information to see trend reversing. Example 1: when bitcoin and usdt dominance are extended in opposite direction we look for a possible retracement toward 1% wich is the middle base. Example 2 : when bitcoin make a move we look for ethereum and total 2 to follow

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US Stock Market Sectors Overview Table [By MUQWISHI]US Market Overview Table will identify the bullish and bearish sectors of a day by tracking the SPDR sectors funds. It's possible to add a ticker symbol for correlation compared to each sector. Overview Indicator

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SARW This indicator aims to indicate the correlation between two assets(Current and Base), it does NOT show entries or help your chart analysis directly. The main features of this Correlation indicator is : Correlation type : Direct Correlation | Inverse Correlation | No Correlation Correlation Percentage : as its name, it calculate the Correlation Percentage between Current and base assets if exist How to use: Chose the base asset (default: bitcoin) and open any other chart to be the other -Current- asset inputs: Max Lookback length : how many candles will be included in the scan. Swing intensity : How many candle should be counted to confirm a Swing, If you are confused leave it as its default. Base Asset : The base asset to calculate the current asset correlation with. Important Notes: As I promised, the previous correlation indicator used each candle alone, while this one uses waves and swings. The Current asset has more power over the base, because it compares the Base to current, but not the opposite((E.g. if you want to check if some coin have correlation with bitcoin, it's better to use bitcoin and put the other coin name in the input field)). For any notes on the indicator to be edited, or for another indicator ideas please comment.

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by Sultan_shaya

SARC This indicator aims to indicate the correlation between two assets(Current and Base), it does NOT show entries or help your chart analysis directly. The main features of this Correlation indicator is : Correlation type : Direct Correlation | Inverse Correlation | No Correlation Correlation Percentage : as its name, it calculate the Correlation Percentage between Current and base assets if exist Correlation Leader : If there is a correlation , it indicates which asset follows the other (Current Asset Follows Base | Base Follows Current Asset) Correlation bars : if the box (Show Correlation Candles) on the settings was True, it will show GREEN lines above candles which have direct correlation and RED lines above candles which have inverse correlation How to use: Chose the base asset (default: bitcoin) and open any other chart to be the other -Current- asset inputs: Max Lookback length : how many candles will be included in the scan. Correlation Factor : how stronger the correlation should be to include the candle(E.g. if set to 50, if any candle correlation was less than 50 it will be ignored), If you are confused leave it as its default. Base Asset : The base asset to calculate the current asset correlation with. Show Correlation Candles : (True | false) explained above on the main features. Note: this indicator uses every single candle and compare it to the base same time candle, after some time I will post another similar indicator, BUT the new one will use the whole direction of the assets instead of each candle alone, I hope one of them can help you. For any notes on the indicator to be edited, or for another indicator ideas please comment.

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by Sultan_shaya

Adaptive Trend Cipher loxx]Adaptive Trend Cipher Highly experimental! Features: -Implements 5 different Dominant Adaptive Cycle Measures to determine optimal inputs for correlation functions. These cycle calculations include the following: ** * Ehler's Autocorrelation Dominant Cycle * Ehler's Instantaneous Dominant Cycle * Ehler's Band-pass Dominant Cycle * Ehler's Hilbert Period Dominant Cycle * Ehler's Dual Differentiator Dominant Cycle **additional cycle measures to be added in future releases -Uses price to time correlation with look-back periods determined by the dominant cycle measures -Allows users to manipulate the range of Dominant Cycle inputs, also allows the user to change the size % of the the output Dominant cycle to be used to determine correlation lengths -Bars are colored according to correlation extremes. Green bars are uptrend, Red bars are downtrend; Yellow bars are high correlation, Fuchsia bars are low correlation Uses -Trend cipher is a novel approach to teasing out macro trends in the market. This version is geared to be used on the daily time frame only -Reversals at yellow and fuchsia bars when they appear, it shows price exhaustion using Warning: This may not work on certain assets due to the high processing power required to calculate cycle dominance. This also uses a custom correlation function since the data being input intot he correlation function is not constant but variable based on cycle dominance at every bar. To correct this in most circumstances you must change the max_bars_back constant in the indicator method call If you use parts of the code, please let me know, I would love to hear what you do with it. Happy trading!

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Delta Agnostic Correlation Coefficient 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 smooth the curve. A larger value creates a smoother curve.

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Racer Correlation [racer8]This indicator gauges correlation between 2 markets using my own method I invented. It is far superior to the correlation coefficient in that it maintains steady correlation values, meaning less false signals regarding correlation. Yet, the indicator's calculation is very simple in fact... It simply calculates the percentage of moves in the same direction as the other market. So if MSFT moved in the same direction as SPX 80% of the time, then the indicator would show you a value of 80. Unlike correlation coefficient, you can calculate exactly how many of MSFT's bars moved in the same direction as SPX's bars. Everytime MSFT moves in the same direction as SPX, it is included in the percentage of positively correlated moves. Closing prices are used solely in the indicator's calculations. All indicator values represent a percentage. Also, I recommend a length of at least 100 periods. Values between 0% and 25% indicate strong negative correlation. (bright red) Values between 25% and 33% indicate moderate negative correlation. (red) Values between 33% and 50% indicate weak negative correlation. (dark red) Values between 50% and 67% indicate weak positive correlation. (dark green) Values between 67% and 75% indicate moderate positive correlation. (green) Values between 75% and 100% indicate strong positive correlation. (bright green)........Enjoy :)

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Correlation Index Shows how often and how much the underlying security deviates from the base stock. Indices that help in the selection of securities: Lst10 - last 10(long factor parameter) periods average Aver - fulltime averaged pwr - total deviation area from base ust - unstability (drawdown index) cor - percent of positive bars cross - fulltime averaged deviation

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Correlation Mandate for Relational Analysis This indicator is engineered to make relational analysis much easier. If you used another window for each symbol, you would have to resize them all one by one. You don't need another timescale. There are three modes: ► Independent - selected symbol candles are colored on their own. ► Correlational - selected symbol candles are colored depending on their relation to the chart symbol. If it is correlational, 1st color is chosen (both have Close higher than Open). 2nd color will be used for the opposite. ► Anti-Correlational - the opposite of Correlational To display my indicator, I chose USDCAD and Oil. Canada has the second-largest oil reserves in the world and naturally, they are their neighbor's supplier. If the oil price goes up, USDCAD should be tanking, unless a different major influence(s) happen to be stronger at a time. Good luck!

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by OrcChieftain

QuantAnna: Nifty VIX Correlation NSE:NIFTY 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.

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Crypto swing correlation RSI and SMA This is a crypto swing strategy, designed for long term periods and correlated pairs with crypto market total(or other coins used as correlation, however I recommend total of crypto or btc) Its components are: RSI with a very length Correlation candles SMA 9 Rules for entry: For long : RSI is above 51 level and going higher and close of the candle is above the SMA For short :RSI is below 49 and going lower and close of the candle is below the SMA Rules for exit: We exit when we encountered an opposite condition than the entry one, or based on take profit/stop loss levels. If you have any questions let me know !

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RSI CCI Correlating Oscillator (RCCO) by empowerT RCCO is pronounced "ree-koh" or "rico". The RCCO is simply the plot of the values of both the RSI and CCI added together. The RCCO makes some adjustments though, so that both the RSI and the CCI will fit correctly on the same scale - and so that these adjustments for scale allow reversals to be detected at crossings. When the CCI crosses from underneath to up above the RSI, this is usually a bullish reversal. Alternatively, when the CCI crosses from above to back under the RSI, that usually signals a bearish trend. Look for the widest swings you can find to ensure good momentum. The larger the volume, the clearer and more decisive the trends. Low volume will lead to ranging and lazy momentum. High volume will create clear and forceful trends. The lowest negative RCCO in a timeframe, and then add some high volume... and you have yourself a good setup for a successful trade. Because the RSI and CCI are adjusted, you may not recognize their values from having used the respective indicators on their own. The RSI and CCI values are less important. What matters with this indicator are the crossings and the RCCO value. The RCCO value should be negative, preferably, a deeply negative value. Look at the historical chart for the target per your selected timeframe and decide what values work for you. I hope you enjoy the RCCO and that it can help you become a little más RICO!

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BTC Sentiment analysis RSI 2xEMA This is a CRYPTO correlation strategy, which is using BTC sentiment with BITFINEX long and short ratios. WIth them we are making from one side 2 RSI, one for long and another for short. And from another side, we are going to make multiple EMA's, using the ratios for long and short. Rules for entry For this scenario I created a long only strategy. The long entry condition is : we have a crossover of the rsi long ratio with rsi short ratio and long ratio from BITFINEX is above the long EMA and short ratio from BITFINEX is below short EMA. We exit when we get the opposite condition, in this case we have a crossunder of the rsi long ratio with rsi short ratio and long ratio from BITFINEX is below the long EMA and short ratio from BITFINEX is above short EMA. If you have any questions, let me know !

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Alferow_2active_correlation An indicator showing the coefficient of linear correlation between two assets for the selected period. As the initial data, the following are set: the indicator of the candle, according to which the calculation is made (maximum, minimum, closing or opening); the period for analysis; two assets between which the correlation is considered. The output is a label with the value of the correlation coefficient.

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by Ushel-v-telegu

BTC Candle Correlation Strategy This is a special strategy adapted for crypto market, which instead of using the current chart candles, we use inside calculation a candle from different charts. For best usage I recommend a big timeframe like 1-4h+. In this case we take the high, low, open and close candles from different brokers for BTC, and with it we form up the candle that we are going to use for the logic of entry. At the same time we are going to create an upper and lower bands using a moving average and the difference between high and low. So in a way to put it, if BTC triggers a sell or buy order, we input instead these orders on the current chart, like in this example with ETH. Rules for entry For long : if we have a crossover of the btc source value with the upper band . For short: if we have a crossunder of the btc source vale with the lower band. For exit, we do it when we receive a different signal than the initial one. This strategy does not have any other risk management inside, so use it with caution. If you have any other questions, let me know !

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Ehlers AutoCorrelation Indicator [CC]The AutoCorrelation Indicator was created by John Ehlers (Cycle Analytics pgs 94-98) and this can be viewed as both a momentum indicator and a trend indicator. This was his basis for several other indicators that he created which I will be publishing soon but essentially as this indicator goes up then the stock is in an uptrend and also has upward momentum. You will notice that this indicator starts to go down even during an uptrend showing that the underlying trend is going to have an upcoming reversal. He also warns that the halfway mark is a possible reversal point so keep an eye out for that. Generally speaking a good signal is to enter a long position when the indicator is under the midline and is starting to go up (or when the line is green) and to exit the position when the indicator goes over the midline. I have included strong buy and sell signals in addition to normal ones so darker colors mean strong signals and lighter colors mean normal signals. Let me know if there are any other indicators you would like me to publish!

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by cheatcountry

Auto_Corr_Daily This indicator shows the Pearson correlation coefficient between different periods of one financial instrument. Two dates are set, which are the starting points of two series, between which the correlation coefficient is calculated. The correlation period is taken from the difference of the current date from the second reference point. The indicator is designed to analyze the correlation only on the 1D timeframe.

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by Ushel-v-telegu

Comparison Candles Pretty simple. Pick a security and it plots candlesticks to compare it to the current chart. So if looking at CAKEBTC and comparing to UNIBTC, you get CAKEUNI. Beats the hell out of plotting multiple plots and trying to compare them. No longer is your scale based on where your zoom starts. Also allows you to draw oscillators from the plots. Shown is my Uber RSI plotted on the comparison candles close on CAKEUNI (binance both). No longer struggle to chart against messed up uniswap charts because your exchange of choice isn't listed on pulsewire. No longer struggle to chart ethereum pairs that don't exist on any of the exchanges supported officially by Tradingview charting. "You just win."

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by burgercrisis

Correlation Matrix Heatmap A Correlation Matrix using tables.

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by RicardoSantos

In-depth global business and economic analysis Comprehensive trading education and market insights