OPEN-SOURCE SCRIPT
Head-on-Correlation
This is a simple wrapper script to generate 40 different series of information along an increasing candle length. It plots the last data point, and repaints on each new candle, allowing one to see variations within series' values as the timeframe increases. This POV is looking not across a depth of field, but the wave as if it were moving towards you. The goal ultimately is to find correlations on various timeframes in the y-plane, and the z-plane, as well as patterns of variation preceding price action.
As a wrapper, the switch case and engine can and should be modified to suit your indicator of choice. Additionally, It is possible to string these indicators together to perform multiple calculations and output a single series ultimately.
If watched on smaller timeframes (eg 1s) or bar replay, it is an entertaining addition to the chart.
As a wrapper, the switch case and engine can and should be modified to suit your indicator of choice. Additionally, It is possible to string these indicators together to perform multiple calculations and output a single series ultimately.
If watched on smaller timeframes (eg 1s) or bar replay, it is an entertaining addition to the chart.
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 publication is governed by House rules. You can favorite it to use it on a chart.
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