OPEN-SOURCE SCRIPT
Romantic Information Coefficient

This script calculates the Mutual Information (MI) between the closing prices of two assets over a defined lookback period. Mutual Information is a measure of the shared information between two time-series datasets. A higher MI indicates a stronger relationship between the two assets.
Key Features:
Only for educational purposes. Not in anyway, investment advice.
Key Features:
- Ticker Inputs: You can select the tickers for two assets. For example, SPY (S&P 500 ETF) and AAPL (Apple stock) can be compared.
- Lookback Period: Choose the number of bars to look back and calculate the Mutual Information. A larger lookback period incorporates more data, but may be less responsive to recent price changes.
- Bins for Discretization: Control the level of granularity for discretizing the asset prices. More bins result in a more detailed MI calculation but can also reduce the signal-to-noise ratio.
- Color Coded MI: The MI plot dynamically changes color to provide visual feedback on whether the relationship between the two assets is strengthening (red) or weakening (blue).
Only for educational purposes. Not in anyway, investment advice.
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開源腳本
本著TradingView的真正精神,此腳本的創建者將其開源,以便交易者可以查看和驗證其功能。向作者致敬!雖然您可以免費使用它,但請記住,重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。