Pearson correlation coefficient measures the linear correlation between two variables. It has a value between +1 and −1, where 1 is total positive linear correlation, 0 is no linear correlation and −1 is total negative linear correlation. It’s often denoted by r for sample correlation and ρ for population correlation.
Note: Pearson Correlation only measures...
This script uses the built in Technical Ratings indicator but interprets the data visually. It plots the results for "total", "MA" and "other" as pump waves. It uses MA to plot a trend line (can be turned off in settings) . Candles are colored to the rating strength and a percentage number was added to the results. For more informations on the Technical Ratings...
For those that want technical ratings but don't want waste valuable screen real estate. Candles are colored to the rating strength. It also plots the results for "total", "MA" and "other" in a table on right of screen. Table and candle coloring can be turned off in style settings. This script uses the built in Technical Ratings indicator. For more informations on...
0.65 -0.666 Fib levels or commonly know as the CC pocket
Marks Strong Support/Ressitance, Use with conflunce.
Lookback Length is adjustable
Let me know any suggestions or ideas which could help improve
Visually see how well a symbol tracks another's movements, without taking price deltas into account.
For example, a 1% move on the index and a 5% move on the target will return a DCC value of 1. An index move of 0.5% on the index and a 10% move on the target will also return a DCC value of 1. The same happens for downward moves.
The SMA value can be set to...
![BTCUSD: Correlation with P-Value & Confidence Interval [pig]](https://s3.tradingview.com/a/AFYOSCoG_mid.png "Correlation with P-Value & Confidence Interval [pig]")
