OPEN-SOURCE SCRIPT
已更新

Correlation Coefficient Modified

1 448
This indicator is based on correlation coefficient (CC).
It improves upon CC by smoothing it out using an sma.
The result is a much smoother and much more accurate reflection between the correlation of 2 instruments.
版本注释
1. yellow to orange
2. Area to columns
版本注释
blue - weak correlation*
yellow - moderate correlation*
red - strong correlation*

*Positive or negative
版本注释
Changed default settings from (3,100) to (2,500)... improves accuracy!
Added indicator level lines...to improve visuals, makes it easier to see how close to the 30 level the indicator is.
;)

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