OPEN-SOURCE SCRIPT
BTC Co-Relation v1
Calculate Pearson-correlation-coefficient of selected cryptocurrency with Bitcoin average price of 10 different exchanges.
This is helpful in scalping(at least for me), by using this we can find co-relation between a cryptocurrency and Bitcoin .
Here we are using Bitcoin average price of 10 different exchanges.
It is an oscillator with minimum value -1 and maximum value +1.
👉-1 means current selected cryptocurrency price is completely out of relation with Bitcoin price, means Bitcoin price increasing and it's price decreasing or Bitcoin price decreasing and it's price increasing in selected time-frame.
👉+1 means current selected cryptocurrency price is completely in co-relation with Bitcoin price, means Bitcoin price increasing and it's price also increasing or Bitcoin price decreasing and it's price also decreasing in selected time-frame.
Happy trading 👍.
This is helpful in scalping(at least for me), by using this we can find co-relation between a cryptocurrency and Bitcoin .
Here we are using Bitcoin average price of 10 different exchanges.
It is an oscillator with minimum value -1 and maximum value +1.
👉-1 means current selected cryptocurrency price is completely out of relation with Bitcoin price, means Bitcoin price increasing and it's price decreasing or Bitcoin price decreasing and it's price increasing in selected time-frame.
👉+1 means current selected cryptocurrency price is completely in co-relation with Bitcoin price, means Bitcoin price increasing and it's price also increasing or Bitcoin price decreasing and it's price also decreasing in selected time-frame.
Happy trading 👍.
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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.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
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.