This script isn't about creating a correlation script with labels, there is a perfect working example of Mango2Juice
(Correlation Matrix, which was inspired by Daveatt's Correlation Matrix)
The intention was making it with the use of as less code as possible, looping through array's
The Pine correlation function doesn't work consistently in a local scope (loop), so I had to work around it
Inspired by ZenAndTheArtOfTrading's Correlation Meter (using array.covariance and array.stdev) and
especially with the help of RicardoSantos and LonesomeTheBlue I've managed to do this
Symbols, timeframe, look-back period, colors and limits can be changed
There is always room for improvement, but I think it shows what is possible.
Many thanks to the people who I've mentioned, and of course to Tradingview!
(Without the Earth nothing can grow)
Cheers!
(Correlation Matrix, which was inspired by Daveatt's Correlation Matrix)
The intention was making it with the use of as less code as possible, looping through array's
The Pine correlation function doesn't work consistently in a local scope (loop), so I had to work around it
Inspired by ZenAndTheArtOfTrading's Correlation Meter (using array.covariance and array.stdev) and
especially with the help of RicardoSantos and LonesomeTheBlue I've managed to do this
Symbols, timeframe, look-back period, colors and limits can be changed
There is always room for improvement, but I think it shows what is possible.
Many thanks to the people who I've mentioned, and of course to Tradingview!
(Without the Earth nothing can grow)
Cheers!
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que la republicación del código está sujeta a nuestras Normas internas.
Who are PineCoders?
tradingview.com/chart/SSP/yW5eOqtm-Who-are-PineCoders/
TG Pine Script® Q&A: t.me/PineCodersQA
- We cannot control our emotions,
but we can control our keyboard -
tradingview.com/chart/SSP/yW5eOqtm-Who-are-PineCoders/
TG Pine Script® Q&A: t.me/PineCodersQA
- We cannot control our emotions,
but we can control our keyboard -
Exención de responsabilidad
La información y las publicaciones no pretenden ser, ni constituyen, asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que la republicación del código está sujeta a nuestras Normas internas.
Who are PineCoders?
tradingview.com/chart/SSP/yW5eOqtm-Who-are-PineCoders/
TG Pine Script® Q&A: t.me/PineCodersQA
- We cannot control our emotions,
but we can control our keyboard -
tradingview.com/chart/SSP/yW5eOqtm-Who-are-PineCoders/
TG Pine Script® Q&A: t.me/PineCodersQA
- We cannot control our emotions,
but we can control our keyboard -
Exención de responsabilidad
La información y las publicaciones no pretenden ser, ni constituyen, asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.