Correlation Coefficient Modified
This indicator is based on correlation coefficient (CC).
It improves upon CC by smoothing it out using an sma.
The result is a much smoother and much more accurate reflection between the correlation of 2 instruments.
It improves upon CC by smoothing it out using an sma.
The result is a much smoother and much more accurate reflection between the correlation of 2 instruments.
Nota Keluaran:
1. yellow to orange
2. Area to columns
2. Area to columns
Nota Keluaran:
blue - weak correlation*
yellow - moderate correlation*
red - strong correlation*
*Positive or negative
yellow - moderate correlation*
red - strong correlation*
*Positive or negative
Nota Keluaran:
Changed default settings from (3,100) to (2,500)... improves accuracy!
Added indicator level lines...to improve visuals, makes it easier to see how close to the 30 level the indicator is.
;)
Added indicator level lines...to improve visuals, makes it easier to see how close to the 30 level the indicator is.
;)