Intramarket Correlator L-O-L-A excerpt

Here we have an intramarket correlator taken as an excerpt from the L-O-L-A institutional trading system.

The plot displayed on the screen is the correlation index of the correlated security plotted against the security data series. Suggest simple line plots of contrasting colors.

When the plot is below the security price this is an indication of a strong negative correlation. When the plot is above the security price this is indicative of a strong positive correlation.

Provided for free by Tarzan at tradingview. or [e-mail]

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*** Past performance is not necessarily indicative of future results ***

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Nothing in life is a permanent fixture

Ray Davies