OPEN-SOURCE SCRIPT
BTC Correlation Coefficient
An indicator that only calculates and displays the correlation coefficient with bitfinex:BTCUSD close.
By changing the settings, you can calculate any chart and correlation coefficient
0.7 to 1.0 There is a fairly strong positive correlation
0.4 to 0.7 Positive correlation
0.2 to 0.4 with a weak positive correlation
－0.2 ～ 0 ～ 0.2 Little correlation
-0.4 to -0.2 Weak negative correlation
-0.7 to -0.4 Negative correlation
-1 to -0.7 Significantly negative correlation
bitfinex:BTCUSDのcloseとの相関係数を計算して表示するだけのインジケーターです。
設定を変更すれば任意のチャートと相関係数の計算ができます
0.7 ～ 1.0 かなり強い正の相関がある
0.4 ～ 0.7 正の相関がある
0.2 ～ 0.4 弱い正の相関がある
－0.2 ～ 0 ～ 0.2 ほとんど相関がない
－0.4 ～ －0.2 弱い負の相関がある
－0.7 ～ －0.4 負の相関がある
－1 ～ －0.7 かなり強い負の相関がある
By changing the settings, you can calculate any chart and correlation coefficient
0.7 to 1.0 There is a fairly strong positive correlation
0.4 to 0.7 Positive correlation
0.2 to 0.4 with a weak positive correlation
－0.2 ～ 0 ～ 0.2 Little correlation
-0.4 to -0.2 Weak negative correlation
-0.7 to -0.4 Negative correlation
-1 to -0.7 Significantly negative correlation
bitfinex:BTCUSDのcloseとの相関係数を計算して表示するだけのインジケーターです。
設定を変更すれば任意のチャートと相関係数の計算ができます
0.7 ～ 1.0 かなり強い正の相関がある
0.4 ～ 0.7 正の相関がある
0.2 ～ 0.4 弱い正の相関がある
－0.2 ～ 0 ～ 0.2 ほとんど相関がない
－0.4 ～ －0.2 弱い負の相関がある
－0.7 ～ －0.4 負の相関がある
－1 ～ －0.7 かなり強い負の相関がある
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
Disclaimer
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