OPEN-SOURCE SCRIPT

BTC Correlation multiframes

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BTC Correlation indicator for scalping. Shows real-time correlation between the current asset and Bitcoin across three timeframes (30m, 1H, 4H), regardless of the chart timeframe you're viewing.

Green indicates strong positive correlation (asset follows BTC), yellow shows independence (ideal for scalping without BTC influence), and red indicates inverse correlation. Perfect for quick identification of whether your scalping target is moving independently from Bitcoin's price action.

The indicator compares percentage changes of the current candle in each timeframe, providing instant visual feedback on correlation strength through color-coded values.

Penafian

Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.