OPEN-SOURCE SCRIPT
r2 correlation coefficient
Mis à jour
made a quick script to compare r2 correlation coefficient, can change source and correlation component in inputs menu
example, here we can see that btc currently has a 0.85 correlation with eth vs usd when using simple moving avg on the daily (above 0.8 is positive correlation. below -0.8 is negitive correlation, and anything in between means there is no correlation)
note: if you wanted to compare with a different source like rsi, then you would need to reduce the length in the inputs menu
not an expert, i encourage doing your own research
biffy
example, here we can see that btc currently has a 0.85 correlation with eth vs usd when using simple moving avg on the daily (above 0.8 is positive correlation. below -0.8 is negitive correlation, and anything in between means there is no correlation)
note: if you wanted to compare with a different source like rsi, then you would need to reduce the length in the inputs menu
not an expert, i encourage doing your own research
biffy
Notes de version
i realised that the correlation function doesn't account for negitive correlations, will look into how i can update to include this. for now just updated to correlated / not correlatedScript open-source
Dans le plus pur esprit TradingView, l'auteur de ce script l'a publié en open-source, afin que les traders puissent le comprendre et le vérifier. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais la réutilisation de ce code dans une publication est régie par nos Règles. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.
Vous voulez utiliser ce script sur un graphique ?
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