Check The Correlation

DAX index of German listed sharesFXCM

Huraian

⋅ 15 Dis 2016 pukul 09.38

Check the correlation of different assets on your preferred timeframe to find trends, patterns, new strategies or to minimize the exposure in correlated assets

correlation

Komen

RCP_

⋅ 15 Dis 2016 pukul 12.59

beautiful script :-)

UmarAbdurRehman

⋅ 7 Apr 2018 pukul 05.10

Hey, nice work. Can you send pinescript code for comparing XAUUSD and DXY? Thanks.

gianfranco60

⋅ 15 Dis 2016 pukul 14.39

Can I change the asset (es, XAUUSD, XAGUSD etc.)

AleksanderThor

⋅ 15 Dis 2016 pukul 14.44

@gianfranco60, Sure, just type the tickers in field instead of "EURUSD", "USOIL" etc. Otherwise if you want to check the correlation of only Gold and Silver while checking another asset you can use the following script:

study("Correlation")

res=input(defval="D",type=resolution, title="Timeframe")
length=input(defval=20,minval=2,type=integer,step=1, title = "Number of bars back")

Ticker1 = input("XAGUSD")
Ticker2 = input("XAUUSD")

T1=security(Ticker1, res, close[0])
T2=security(Ticker2, res, close[0])

cor=correlation(T1,T2,length)

plot(cor,color=blue,linewidth=1,transp=0)

hline(.80,linewidth=1)
hline(0.0,linewidth=1)
hline(-.80,linewidth=1)

Lebih