OPEN-SOURCE SCRIPT
Mis à jour Correlation Mandate for Relational Analysis
This indicator is engineered to make relational analysis much easier.
If you used another window for each symbol, you would have to resize them all one by one. You don't need another timescale.
There are three modes:
► Independent - selected symbol candles are colored on their own.
► Correlational - selected symbol candles are colored depending on their relation to the chart symbol. If it is correlational, 1st color is chosen (both have Close higher than Open). 2nd color will be used for the opposite.
► Anti-Correlational - the opposite of Correlational
To display my indicator, I chose USDCAD and Oil. Canada has the second-largest oil reserves in the world and naturally, they are their neighbor's supplier. If the oil price goes up, USDCAD should be tanking, unless a different major influence(s) happen to be stronger at a time.
Good luck!
If you used another window for each symbol, you would have to resize them all one by one. You don't need another timescale.
There are three modes:
► Independent - selected symbol candles are colored on their own.
► Correlational - selected symbol candles are colored depending on their relation to the chart symbol. If it is correlational, 1st color is chosen (both have Close higher than Open). 2nd color will be used for the opposite.
► Anti-Correlational - the opposite of Correlational
To display my indicator, I chose USDCAD and Oil. Canada has the second-largest oil reserves in the world and naturally, they are their neighbor's supplier. If the oil price goes up, USDCAD should be tanking, unless a different major influence(s) happen to be stronger at a time.
Good luck!
Notes de version
Fixed painting candles when the market is closed.Notes de version
*Notes de version
New functions added• an ability to write your own description of the symbol. For example, if you want to publish an idea and use some less viewed ticker, this might be handy
• built-in calculation for the correlation
• 50 & 200 SMA & EMA
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.