Check The Correlation

DAX index of German listed sharesFXCM

描述

⋅ Dec 15, 2016 9:38 AM

Check the correlation of different assets on your preferred timeframe to find trends, patterns, new strategies or to minimize the exposure in correlated assets

correlation

RCP_

⋅ Dec 15, 2016 12:59 PM

beautiful script :-)

UmarAbdurRehman

⋅ Apr 7, 2018 5:10 AM

Hey, nice work. Can you send pinescript code for comparing XAUUSD and DXY? Thanks.

gianfranco60

⋅ Dec 15, 2016 2:39 PM

Can I change the asset (es, XAUUSD, XAGUSD etc.)

AleksanderThor

⋅ Dec 15, 2016 2:44 PM

@gianfranco60, Sure, just type the tickers in field instead of "EURUSD", "USOIL" etc. Otherwise if you want to check the correlation of only Gold and Silver while checking another asset you can use the following script:

study("Correlation")

res=input(defval="D",type=resolution, title="Timeframe")
length=input(defval=20,minval=2,type=integer,step=1, title = "Number of bars back")

Ticker1 = input("XAGUSD")
Ticker2 = input("XAUUSD")

T1=security(Ticker1, res, close[0])
T2=security(Ticker2, res, close[0])

cor=correlation(T1,T2,length)

plot(cor,color=blue,linewidth=1,transp=0)

hline(.80,linewidth=1)
hline(0.0,linewidth=1)
hline(-.80,linewidth=1)