Futures Correlation Visualizer

2 Dis 2024

OVERVIEW
This indicator plots the normalized price changes of commonly traded futures. Visualizing data in this way makes studying and understanding market participation and sentiment easier.

Note:
Only 20 symbols can be plotted. The "request" functions are limited to 40 calls, 1 timeframe counts as a call, and 2 timeframes are used per symbol. Normalized values are derived by dividing the charts timeframe by 1D data. A runtime error will occur when more than 20 symbols are enabled. This limitation is unavoidable.

INPUTS
You can configure:

• Colors and color scheme
  
• Symbols to plot (most common futures)
  
• Norm. source (todays open / yesterdays close)
  
• Measurement type (%, ‱, Δ)
  
• Label, zone, and zero options
  

2 Dis 2024

Nota Keluaran

• Added link to indicator page the top of the code.
  
• Updated chart
  

13 Feb

Nota Keluaran

• Minor code changes.
  
• Added "Smooth" option for color transitions.
  
• Converted to Pine Script v6

7 Apr

Nota Keluaran

• Updated script to align with Pine Script changes: Pine Script recently updated when loop boundaries were checked. Previously, the boundary was established before iterating. Now, the boundary is evaluated on each iteration.
  

29 Mei

Nota Keluaran

• Improved logic to be more reliable after partial trading days.