This script isn't about creating a correlation script with labels, there is a perfect working example of @Mango2Juice
(Correlation Matrix, which was inspired by @Daveatt's Correlation Matrix)
The intention was making it with the use of as less code as possible, looping through array's
The Pine correlation function doesn't work consistently in a local scope (loop), so I had to work around it
Inspired by @ZenAndTheArtOfTrading's Correlation Meter (using array.covariance and array.stdev) and
especially with the help of @RicardoSantos and @LonesomeTheBlue I've managed to do this
Symbols, timeframe, look-back period, colors and limits can be changed
There is always room for improvement, but I think it shows what is possible.
Many thanks to the people who I've mentioned, and of course to Tradingview!
(Without the Earth nothing can grow)
Cheers!
(Correlation Matrix, which was inspired by @Daveatt's Correlation Matrix)
The intention was making it with the use of as less code as possible, looping through array's
The Pine correlation function doesn't work consistently in a local scope (loop), so I had to work around it
Inspired by @ZenAndTheArtOfTrading's Correlation Meter (using array.covariance and array.stdev) and
especially with the help of @RicardoSantos and @LonesomeTheBlue I've managed to do this
Symbols, timeframe, look-back period, colors and limits can be changed
There is always room for improvement, but I think it shows what is possible.
Many thanks to the people who I've mentioned, and of course to Tradingview!
(Without the Earth nothing can grow)
Cheers!
LuxAlgo Dev: www.luxalgo.com
PineCoder: www.pinecoders.com
- We cannot control our emotions,
but we can control our keyboard -
PineCoder: www.pinecoders.com
- We cannot control our emotions,
but we can control our keyboard -