Correlation Coefficient Modified

2020年4月17日

This indicator is based on correlation coefficient (CC).
It improves upon CC by smoothing it out using an sma.
The result is a much smoother and much more accurate reflection between the correlation of 2 instruments.

2020年7月25日

發布通知

1. yellow to orange
2. Area to columns

2020年7月26日

發布通知

blue - weak correlation*
yellow - moderate correlation*
red - strong correlation*

*Positive or negative

2021年11月12日

發布通知

Changed default settings from (3,100) to (2,500)... improves accuracy!
Added indicator level lines...to improve visuals, makes it easier to see how close to the 30 level the indicator is.
;)