BTC Correlation Coefficient — Indicator by xinolia

Oscillators Correlation Coefficient (CC)

An indicator that only calculates and displays the correlation coefficient with bitfinex:BTCUSD close.
By changing the settings, you can calculate any chart and correlation coefficient
0.7 to 1.0 There is a fairly strong positive correlation
0.4 to 0.7 Positive correlation
0.2 to 0.4 with a weak positive correlation
－0.2 ～ 0 ～ 0.2 Little correlation
-0.4 to -0.2 Weak negative correlation
-0.7 to -0.4 Negative correlation
-1 to -0.7 Significantly negative correlation

bitfinex:BTCUSDのcloseとの相関係数を計算して表示するだけのインジケーターです。
設定を変更すれば任意のチャートと相関係数の計算ができます
0.7 ～ 1.0　かなり強い正の相関がある
0.4 ～ 0.7　正の相関がある
0.2 ～ 0.4　弱い正の相関がある
－0.2 ～ 0 ～ 0.2　ほとんど相関がない
－0.4 ～－0.2　弱い負の相関がある
－0.7 ～－0.4　負の相関がある
－1 ～－0.7　かなり強い負の相関がある

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

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