mrhashem

Hashem Correlation Coefficient

Correlation Coefficient

Core Code from: https://www.tradingview.com/u/LazyBear


This indicator Show Correlation between the Current Ticker & timeframe and a Customizable Ticker. After adding the indicator you can change the second ticker in the settings.

The Correlation Coeff is between -1 to 1 which 1 means 100% correlation and -1 means -100% correlation (Inverse Correlation).

The color of the area changes when:
Blue : CC > 0.5
Aqua : CC > 0.75
Purple : CC < -0.5
Red : CC < -0.75
Feb 02
Release Notes: Code Tweaks.
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