Alpha Performance of Period (PoP) produces a visualization of returns (gains and losses) over a quarterly, monthly, or annual period. It also displays the total % gain and loss over any length of days, months, and years as defined by the user. Performance of Period (PoP) can be used to understand the performance of an asset over multiple periods using a single...
DGT interpreted version of LazyBear's WaveTrend, visualizing on Price Chart Original Author : LazyBear Crosses above or below threshold are emphasized with bigger labels - crosses above threshold : probable short indications with a bigger label and relativly small label for probable long indications - crosses below threshold : probable long indications with a...
A good amount of users requested a text box showing various price statistics, the following script returns various of these stats in a user-selected range, and include classical ones such as a central tendency measurement (mean), dispersion (normalized range) and percent change, but also include less common statistics such as average traded volume and number of...
The Correlation Cycle Indicator was created by John Ehlers (Stocks & Commodities V. 38:06 (8–15)) and this is technically part of three indicators in one so I'm splitting each one to a separate script. This particular indicator was designed for trend direction and trend strength and simply buy when it is green and sell when it turns red. Also keep in mind that the...
Formula Used : COG = SUM of closing prices Pn x (n+1) / Sum of closing prices Pn
The Optimal Weighted Moving Average was created by Thomas Hutchinson and Peter G. Zhang, Ph.D. (Stocks & Commodities V. 11:12 (500-505)) and it is very similar to a classic weighted moving average but it uses the correlation between the input and the optimal weighted moving average output to use as the weights. Buy when the line turns green and sell when it turns...
Hot off the press, I present this "Correlation Cycle, CorrelationAngle, and Market State" multicator employing PSv4.0, originally formulated by Dr. John Ehlers for TASC - June 2020 Traders Tips. Basically it's an all-in-one combination of three Ehlers' indicators. This power packed triplet indicator, being less than a 100 line implementation at initial release, is...
This is a assortment of countries' inflation rates, sourced by Quandl. The countries are represented by their ISO 3166-1 alpha-3 codes in the options, and at the moment include: ARG, AUS, CAN, CHE, DEU, EUR, FRA, GBR, ITA, JPN, NZL, RUS, USA Included is a correlation to the current chart and the selected inflation rate. The correlation compares the monthly...
A tool to plot auto correlation of time series, this is useful in identifying periodicity in a time series or signal. Due to the limits of Pine Script you'll need to add it multiple times if you want autocorrelation beyond 55 periods. I have added it 4 times here for 220 periods. For more information on Autocorrelation see: en.wikipedia.org Note: There are 1...
This script utilized some new functions in Pine Script, which compares the correlation between the current symbol to a basket of crypto indexes that are listed on the FTX exchange. By tracking these indexes we can gauge the reaction across markets that have a different market cap. By that I mean we can have a better idea about where the money is flowing into a...
In financial terms, 'correlation' is the numerical measure of the relationship between two variables (in this case, the variables are Forex pairs). The range of the correlation coefficient is between -1 and +1. A correlation of +1 indicates that two currency pairs will flow in the same direction. A correlation of -1 indicates that two currency pairs will move in...
Hot off the press, I present this "Correlation Trend Indicator" employing PSv4.0, originally formulated by Dr . John Ehlers for TASC - May 2020 Traders Tips. John Ehlers might describe it's characteristics as being a mean reverting trend identification oscillator range bound to +/-1.0 irregardless of any timeframe or asset. I could have finessed this indicator...
Ehlers Correlation Trend Indicator CTI by Cryptorhythms 📜Intro In his article “Correlation As A Trend Indicator” in issue May 2020 of TASC, author John Ehlers introduces a new trend indicator that is based on the correlation between a security’s price history and the ideal trend: a straight line. He describes methods for using the indicator to not only...
Find the correlation between OBV and price. Basically, they should be correlated, but sometimes they are inversely correlated (less than -0.4). It was released because it seems to be in a phase for some reason. When the inverse correlation is over, it is possible to think about how to buy and sell for the time...
This is my "Pine-based" correlation() function written in raw Pine Script. Other names applied to it are "Pearson Correlation", "Pearson's r", and one I can never remember being "Pearson Product-Moment Correlation Coefficient(PPMCC)". There is two basic ways to utilize this script. One is checking correlation with another asset such as the S&P 500 (provided as a...
Display the correlation coefficient and/or Beta of an asset to a specified market. Options to: - Specify market (S&P500 futures by default) - Display one or other metrics - Modify assessment period (200 bars by default) - Calculate on price, returns or log-returns
This script allows you to compare the percentage-based change in the price of any two securities on any given (and supported) timeframe on the chart. This can give you a very simple way to compare any two securities against one another. Ex: If your base security gained 5%, and the other security gained 3% in a single day, the change comparison would show a green...
Hello, this script was created by using Linear Regression Bands Function with variable Function Minkowski Distance Adaptive Period. Function Linear Regression Bands : Minkowski Distance Function Original Script by RicardoSantos : Functions saved from overloads . And suitable for mutable variable periods. Regards.