correlation

Introduction The inverse fisher transform or hyperbolic tangent function is a type os sigmoid function (sometime called squashing function), those types of functions can rescale a result in a certain range and are widely used in artificial intelligence. More in depth the fisher transform can make the correlation coefficient of a time series normally distributed,...

I found this useful tool among the indicators but it wasn't doing the correlation study correctly. Everything in markets, with only a few exceptions, are rising in value over time and therefore trended to time. The simplest method I found is to use link relative or first difference detrending, before calculating a correlation between assets. I also updated it to...

Introduction There are different and better way's to see price data, a candlestick chart is one of the best way to see the price since you have access to the open/high/low/close information, this is really efficient and can allow for naked non parametric trading strategies (candlesticks patterns). But what about making candles out of indicators ? There are tons...

Hey! I remade some dude's script to add more coins. Its a pearson correlation indicator, which would give us an idea of the main trend and behaviour of the pairs you choose.

Wasabi Tool: Bitcoin-Dominance Correlation Indicator This indicator shows Kendall's correlation in red and Pearson correlation in blue. * How to use: As the line is getting near +1, a positive correlation gets stronger. On the other hand, as the line is getting near -1, a negative correlation gets stronger. --- Wasabi Tool: Bitcoin-Dominance Correlation...

Wasabi Tool: Bitcoin Correlation Indicator This indicator shows Kendall's correlation in red and Pearson's correlation in blue. * How to use: As the value is getting near +1, a positive correlation gets stronger. On the other hand, as the value is getting near -1, a negative correlation gets stronger. --- Wasabi Tool: Bitcoin Correlation Indicator(Wasabi...

Introduction This indicator was asked and named by a trading meetup participant in Sevilla. The original question was "How to estimate the correlation between the price and a line as easy as possible", a question who got little attention. I previously proposed a correlation estimate using a modification of the standard score (see at the end of the post) for the...

This chart will allow you to compare the volatility of correlation of any other instrument to your current chart. When the comparison coin is selected, it will overlay your current bars with additional information that shows up/down correlation to your master chart as well the volatility of that correlation. This can be used to compare other coins to BTC for a...

you can check correlation between current symbol and another 6 symbols. default setting for USDJPY. EURUSD/US10Y/JP10Y/JPN225/DJI/GOLD ex For AUDUSD, US10Y/AU10Y/NZDUSD/USDCHF/HSI/DJI

An Indicator to measure Correlation Coefficient (-1 to 1). This indicator can be added to other indicators to measure correlation between them and any given source. Here, it's used to show the correlation between Historical Volatility Rank and price. As well as, the correlation between Historical Volatility and price. "A correlation coefficient is a numerical...

Hi everyone, Although everything's clear from the title but I should describe some basic points. Currency Correlation is a statistical measure of how two securities move in relation to each other. So this script is used to show if current pair (alt-coins) is moving in the same direction of bitcoin (or ethereum) or not. Consider that in crypto market most of...

Graph shows level of correlation between current source and another one and track current value of it. User can select source for comparison, graph period and number of candles for calculation, enter level of significal correlation (+-0.65 by default). Grapf contains 4 plots: Correlation - current level of correlation, Zero line , +Corr_level - minimum level of...

This study is an experiment in adaptive filtering. The process in this study was inspired by KAMA and ZLEMA filtering techniques. First, data is given an optional modification for lag reduction. Then, an adaptive filter of your choice is calculated. There are 6 different adaptive filters to choose from in this study: -Commodity Channel Index Adaptive Moving...

Estimating the LSMA Without Classics Parameters I already mentioned various methods in order to estimate the LSMA in the idea i published. The parameter who still appeared on both the previous estimation and the classic LSMA was the sample correlation coefficient. This indicator will use an estimate of the correlation coefficient using the standard score thus...

This is a simple study designed to visualize price correlation coefficients between multiple securities.

A simple script to display how correlated the current ticker is to Bitcoin. Inputs are the number of bars to check correlation for (default 10) and the the ticker to use for BTC comparison (default is BITFINEX:BTCUSD) Values of 1 are highly correlated (i.e. bitcoin moves up, so does your current ticker), values of -1 are inversely correlated (i.e. bitcoin moves...

Power oscillator to discern what currency's are stronger/weaker. added option to use a smoothed source(close) for pooling the change, giving longer term directional bias, note that this causes lag in the results as MA's turn slower than price.

Chande Kroll R-Squared Index script. This indicator was originally developed by Tushar S. Chande and Stanley Kroll (see their book `The New Technical Trader`, Chapter 2: `Linear Regression Analysis`).