OPEN-SOURCE SCRIPT
已更新

Correlation Coefficient Modified

1 425
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.
發行說明
1. yellow to orange
2. Area to columns
發行說明
blue - weak correlation*
yellow - moderate correlation*
red - strong correlation*

*Positive or negative
發行說明
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.
;)

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