OPEN-SOURCE SCRIPT

Kendall Rank Correlation Coefficient (alt)

This is a non-parametric correlation statistical test, which is less sensitive to magnitude and more to direction, hence why some people call this a "concordance test".

This indicator was originally created by Alex Orekhov (everget), if you like this one, please show the original author some love:
Kendall Rank Correlation Coefficient


This version is extended by tartigradia (2022) to make it more readily useable:
* Update to pinescript v5
* Default compare to current symbol (instead of only fixed symbols)
* Add 1.0, 0.0 and -1.0 correlation levels lines.

This indicator plots both the Kendall correlation in orange, and the more classical parametric Pearson correlation in purple for comparison. Either can be disabled in the Style tab.
correlationCorrelation Coefficient (CC)correlationsstatistics

开源脚本

本着真正的TradingView精神,此脚本的作者已将其开源,以便交易者可以理解和验证它。向作者致敬!您可以免费使用它,但在出版物中重复使用此代码受网站规则约束。 您可以收藏它以在图表上使用。

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