This indicator shows price correlations of your current chart to various well-known indices.
Values above 0 mean a positive correlation, below 0 a negative correlation (not correlated). It works well with daily candle charts and above, but you may also try it on 1h candles.
The default indices: - Gold - S&p 500 - Mini Dow Jones - Dow Jones - Russel 2000 - Nasdaq 100 - Crude Oil - Nikkei 225 (Japan) - FTSE 100 (UK) - Silver - DAX Futures (DE)
You can change the defaults to compare prices with other indices or stocks.