OPEN-SOURCE SCRIPT
Correlate 3 - Correlation Indicator
The code in contains a simple correlation indicator that can be used as an alternative to Tradingview’s built-in “Correlation Coefficient” indicator. The indicator allows users to correlate up to 3 separate instruments on the same subplot. This allows you, for example, to easily see the correlation of your instrument with stocks, bonds and FX. Alternatively, a user can also see the correlation with sector, industry peers or any other data available in Tradingview.
Features
Features
- Level Guides to easily see the key correlation coefficient levels
- Multi-instrument:
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