Correlation Coefficient Modified

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.

發布通知:

1. yellow to orange
2. Area to columns

發布通知:

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

*Positive or negative

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.
;)