OPEN-SOURCE SCRIPT
업데이트됨 Correlation Coefficient Colored Candles

This script utilizes Tradingview's built in Correlation Coefficient indicator to calculate the correlation coefficient between two assets and changes candle colors based on the related data.
Info From Correlation Coefficient Indicator:
Correlation Coefficient (CC) is used in statistics to measure the correlation between two sets of data. In the trading world, the data sets would be stocks, etf's or any other financial instrument. The correlation between two financial instruments, simply put, is the degree in which they are related. Correlation is based on a scale of 1 to -1. The closer the Correlation Coefficient is to 1, the higher their positive correlation. The instruments will move up and down together. The higher the Correlation efficient is to -1, the more they move in opposite directions. A value at 0 indicates that there is no correlation.
This indicator allows for choosing the correlated asset, between direct and inverse correlation, the length of the series, and the correlation factor that will trigger the candles to change colors.
Example 1: You choose Direct correlation with a factor of 0.75, the candles that fall below that correlation factor will paint in your desired colors based on their closing price (up or down).
Example 2: You choose Inverse correlation with a factor of -0.75, the candles that rise above that correlation factor will paint in your desired colors based on their closing price (up or down).
Chart Shows Direct correlation of DXY and US10Y with length 3 and correlation factor of 0.75
Info From Correlation Coefficient Indicator:
Correlation Coefficient (CC) is used in statistics to measure the correlation between two sets of data. In the trading world, the data sets would be stocks, etf's or any other financial instrument. The correlation between two financial instruments, simply put, is the degree in which they are related. Correlation is based on a scale of 1 to -1. The closer the Correlation Coefficient is to 1, the higher their positive correlation. The instruments will move up and down together. The higher the Correlation efficient is to -1, the more they move in opposite directions. A value at 0 indicates that there is no correlation.
This indicator allows for choosing the correlated asset, between direct and inverse correlation, the length of the series, and the correlation factor that will trigger the candles to change colors.
Example 1: You choose Direct correlation with a factor of 0.75, the candles that fall below that correlation factor will paint in your desired colors based on their closing price (up or down).
Example 2: You choose Inverse correlation with a factor of -0.75, the candles that rise above that correlation factor will paint in your desired colors based on their closing price (up or down).
Chart Shows Direct correlation of DXY and US10Y with length 3 and correlation factor of 0.75
릴리즈 노트
Updated to set min and max values for correlation factor, and added a step value.*** Example 3: NQ and DXY, Inverse Correlation, Factor 0.5. Candles will color when NQ price movement is correlated with DXY; instead of being inverse.
Length
The time period to be used in calculating the correlation.
오픈 소스 스크립트
진정한 트레이딩뷰 정신에 따라 이 스크립트 작성자는 트레이더가 기능을 검토하고 검증할 수 있도록 오픈소스로 공개했습니다. 작성자에게 찬사를 보냅니다! 무료로 사용할 수 있지만 코드를 다시 게시할 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.
오픈 소스 스크립트
진정한 트레이딩뷰 정신에 따라 이 스크립트 작성자는 트레이더가 기능을 검토하고 검증할 수 있도록 오픈소스로 공개했습니다. 작성자에게 찬사를 보냅니다! 무료로 사용할 수 있지만 코드를 다시 게시할 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.