DXY Correlation indicator Version 2. Added adjustable parameters. Correlation factor is how many bars back for the colleration cumputing. Threshold adjusts the minimum correlation level to give signals. Default is 0.9. Value 1 equals %50 correlation while 2 is %100 correlation.
this is dope. would love to be able to try this out
ashishpurohit
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can i have the accesses
Carl2021111
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cam i try this? thanks
bnh
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I like your method showing correlation with the arrows. I'm dabbling with correlation indicators as well. Have you tried using arrow LENGTH to indicate correlation strength per bar and went with color instead? Maybe arrow lengths clutter things up.
rollas
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@bnh, Current render engine does not allow it. I have difficulties placing them at right positions. But it is a good idea...
bnh
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@rollas, check it out, plotarrow will adjust the arrow length automatically. From the help system, "Arrows has different height, the more absolute indicator value the longer arrow is drawn".