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[DEM] Correlation Dashboard

[DEM] Correlation Dashboard is designed to display real-time correlation analysis between the current chart's asset and five major market instruments (Bitcoin, Dow Jones 30, Dollar Index, Nasdaq 100, and S&P 500) in an easy-to-read table format overlaid on the price chart. The indicator calculates correlation coefficients over a configurable period (default 20 bars) and applies additional smoothing using a 200-period RMA to filter out noise and identify persistent correlation trends. The dashboard categorizes correlations into five levels ranging from "Very Strong Positive/Negative Correlation" (above ±0.5) to "No Strong Correlation" (between ±0.3), with color-coded text displaying green for positive correlations, red for negative correlations, and white for neutral relationships, enabling traders to quickly assess how their asset moves relative to major market benchmarks and identify potential diversification opportunities or risk concentrations.
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这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。
受保护脚本
此脚本以闭源形式发布。 但是,您可以自由使用它,没有任何限制 — 在此处了解更多信息。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。