Correlation for Major Markets — Indicator by DocMarkets1

educational oscillator sentiment correlation correlationtrading

This indicator plots the correlation of major markets as an indicator. The major markets covered are the following:

DXY
GC
CL
ES
RTY
ZN

The chart shows all the correlations and cross-correlations of the above instruments plotted together. The user can go in the settings and choose what correlation to see, or if multiple correlations, choose to plot the indicator a second time.

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?