Hi everyone, Although everything's clear from the title but I should describe some basic points.
Currency Correlation is a statistical measure of how two securities move in relation to each other.
So this script is used to show if current pair (alt-coins) is moving in the same direction of bitcoin (or ethereum) or not. Consider that in crypto market most of...
The Matrix is meant to trade sideward trending markets with intrinsic values (unlikely to move outside upper and lower boundaries) like Silver and Tbonds, to name a few.
The Matrix is is not affected by unforeseen market conditions and biased expectations, it simply buys low and sells high and it has proven to be more profitable when price gaps occur.
Trading...
Correlated Market Matrix - Correlation Computer
Works with up to 7 markets simultaneously to find price divergences.
Study Forex pairs, stocks, crypto alt coins.
Find potential entries quicker.
Short Description:
This indicator analyzes 6 markets and one spread (or 7 and no spread) against the currently loaded instrument,
with support for complex formulas....
A tool for analyzing the time on charts that can come in and out of the last time for open price, high, low, close and trading volume.
The idea began with the phrase, "Our past is our future."
The original code and strategy was developed by "realjumper" for Metatrader 4:
www.forexfactory.com
The 5-15 Genesis Strategy and Genesis Summary PDF
www.forexfactory.com
EMA is configured as follows:
Length: 5
Source: hlc3
Offset: 2
Please always remember, there is no holy grail indicator!
This is the Matrix oscillator made by glaz. So credit goes to him.
I made some minor modifications to it:
1. added a zeroline
2. added 3 options to color bars/candles depending on:
- if the oscillator is above/below 0
- if it's oversold/bought*
- if the matrix has a green bar or a red
That's all :)
![XRPUSD: Crypto Correlation Matrix Series [SHK]](https://s3.tradingview.com/8/8njpx9ne_mid.png "Crypto Correlation Matrix Series [SHK]")
