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OPEN-SOURCE SCRIPT

Function Covariance

Covariance Function as described here:
investopedia.com/articles/financial-theory/11/calculating-covariance.asp

can be used for example to calculate Beta:
BETA
RicardoSantos
Wizard
covariancevariance

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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RicardoSantos
Wizard

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