This indicator can statistically compare ANY asset in Tradingview with the asset in the active chart. It helps to understand positive or negative corelation btw 2 assets with percentage. Indicator value oscillates btw +100 and -100. If value is close to +100, there is a positive co-relation and if value is close to -100, there is a negative co-relation.
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Sharing to learn and to help others.
Any feedback on layout/structure/shortcuts will always be appreciated.
Simple indicator for close of candle above or below EMA with ROC and CO acting as a filter.