Mercurio Retrógrado y Correlación

User Guide: "Mercury Retrograde and Correlation" Indicator
This custom indicator for TradingView is designed to explore possible relationships between astrological Mercury Retrograde periods and market behavior. TradingView is a versatile platform that allows you to analyze markets and use custom tools like this one.
The indicator combines two tools in one:
Mercury Retrograde Period Display: Automatically highlights on the chart the dates when Mercury is retrograde.
Correlation Analysis: Measures and displays how synchronized the movement of the asset you are monitoring is with another asset of your choice (e.g., the S&P 500).
What do you see on the chart?
When you apply this indicator to your chart in TradingView, you will see the following elements:
Purple Background: The purple shaded areas show you exactly when the Mercury Retrograde periods occurred or will occur in 2024 and 2025. This allows you to identify at a glance if a specific candle or price movement occurred during one of these events.
Correlation Line (Orange): This line, displayed on the main panel, measures the relationship between the asset on your chart and the asset you choose in the settings.
Near +1.0: It means the two assets are moving in the same direction (if one goes up, the other goes down).
Near -1.0: It means they are moving in opposite directions (if one goes up, the other goes down).
Near 0: There is no clear relationship in their movements.
Reference Lines (Green and Red): The dotted lines at +0.7 (green) and -0.7 (red) help you quickly identify when the correlation is strong, either positive or negative.