correlation

kduhyun 181 Dilihat ・

Correlation between two symbols. Notice: you can find more useful indicators by searching 'between_two_symbols'

Noldo 359 Dilihat ・

This script was written to calculate the correlation coefficient (Adjusted R-Squared) for one dependent and two independent variables.(3-way) Pearson correlation method was used with exponential moving averages as the correlation calculation method. Use your source ( i use "close" generally ) as the dependent variable. Inspired by this article :...

Noldo 458 Dilihat ・

This script was written to create a new, rapid relative strength index inspired by the Dow Theory. More info about Dow Theory : www.investopedia.com According to the Dow Theory, volume should confirm market trends. The correlation coefficient between prices and volume is negative in weakening trends and negative trends , positive in...

HxroLabs 427 Dilihat ・

Autocorrelation, also known as serial correlation, is the correlation of a signal with a delayed copy of itself as a function of delay. Informally, it is the similarity between observations as a function of the time lag between them. The analysis of autocorrelation is a mathematical tool for finding repeating patterns, such as the presence of a periodic signal...

Noldo 688 Dilihat ・

Used with Pearson Correlation. It can be used to make sense of the trends. Very successful results can be obtained with a MACD style indicator and volume indicator that gives Buy and Sell orders.Open for adaptive and mutable variable periods of moving averages. Best regards!

AlphaBotSystem 211 Dilihat ・

This gives you the ability to track multiple tickers correlation aspects compared to the ticker you are currently viewing. You can plot the background color and also shapes above the candles. I personally only see the use of negative correlation to be of much use as most moves that have a heavy negative correlation with other largecaps are likely to get faded by...

alexgrover 728 Dilihat ・

Introduction The correlation oscillator is a technical indicator that measure the linear relationship between the market closing price and a simple increasing line, the indicator is in a (-1,1) range and rise when price is up-trending and fall when price is down-trending. Another characteristic of the indicator is its inherent smoothing which provide a noise free...

capissimo 1268 Dilihat ・

This script implements a rebrushed distance-based pair trading strategy. In this strategy, normally they trade the difference between the prices of two instruments. This difference is also called spread. Here, however we’ll trade the difference between two time frames of one instrument. And that's the main trick. Common procedure consists of the following...

rumpypumpydumpy 377 Dilihat ・

Calculations for Historical Volatility, Kurtosis, Skewness and Historical Correlation between two assets. -------------------------------------- If you find it useful please consider a tip/donation : BTC - 3BMEXEDyWJ58eXUEALYPadbn1wwWKmf6sA --------------------------------------

Daveatt 639 Dilihat ・

Hey folks A quick unrelated but interesting foreword Hope you're all good and well and tanned Me? I'm preparing the opening of my website where we're going to offer the Algorithm Builder Single Trend, Multiple Trends, Multi-Timeframe and plenty of others across many platforms (TradingView, FXCM, MT4, PRT). While others are at the beach and tanning (Yes I'm...

alexgrover 546 Dilihat ・

Introduction Its holiday time for me, i have been working here a lot. But no leaving before publishing. Telling when market price is smooth or rough is not the easiest task, so today i present a trend metric indicator that allow you to give you this kind of information. The Indicator The indicator is in an approximate range of (0,1) with mean x̄ decaying for...

Daveatt 899 Dilihat ・

Hi everyone A co-pinescripter friend told me this was impossible to do and we bet a free dinner tomorrow. Guess who's going to be invited to a very fancy restaurant tomorrow :) :) :) (hint: not him) What's the today script is about? This script is based on this MT4 correlation matrix Asset correlation is a measure of how investments move in relation to one...

ChrisKaye 223 Dilihat ・

A simple Correlation Indicator initially configured for Crypto Trader use (but other markets can use this too). It plots the correlation between the current chart (say BTCUSD ) versus 4 user-definable indices, currency pairs, stocks etc. By default, the indicator is preconfigured for: GOLD (Oz/$), Dow Jones Index (DJI), Standard & Poor 500 Index (SPX) ,...

michl 273 Dilihat ・

... so yes correlation() delivers Pearson Product-Momentum Correlation :-) I added some colorizing fun and a SMA-feature before correlation.

mabonyi 183 Dilihat ・

I found this useful tool among the indicators but it wasn't doing the correlation study correctly. Everything in markets, with only a few exceptions, are rising in value over time and therefore trended to time. The simplest method I found is to use link relative or first difference detrending, before calculating a correlation between assets. I also updated it to...

alexgrover 539 Dilihat ・

Introduction The inverse fisher transform or hyperbolic tangent function is a type os sigmoid function (sometime called squashing function), those types of functions can rescale a result in a certain range and are widely used in artificial intelligence. More in depth the fisher transform can make the correlation coefficient of a time series normally distributed,...

alexgrover 963 Dilihat ・

Introduction There are different and better way's to see price data, a candlestick chart is one of the best way to see the price since you have access to the open/high/low/close information, this is really efficient and can allow for naked non parametric trading strategies (candlesticks patterns). But what about making candles out of indicators ? There are tons...

BiO-618 83 Dilihat ・

Hey! I will share with u the Rate Of Change indicator for 21 coins, it's special to use with my last published script, the Correlation formula. You can find volatility, with a directional sense if it's a positive change, or negative change. Hope you enjoy it!