OPEN-SOURCE SCRIPT
Updated Futures Correlation Visualizer
OVERVIEW
This indicator plots the normalized price changes of commonly traded futures. Visualizing data in this way makes studying and understanding market participation and sentiment easier.
Note:
Only 20 symbols can be plotted. The "request" functions are limited to 40 calls, 1 timeframe counts as a call, and 2 timeframes are used per symbol. Normalized values are derived by dividing the charts timeframe by 1D data. A runtime error will occur when more than 20 symbols are enabled. This limitation is unavoidable.
INPUTS
You can configure:
This indicator plots the normalized price changes of commonly traded futures. Visualizing data in this way makes studying and understanding market participation and sentiment easier.
Note:
Only 20 symbols can be plotted. The "request" functions are limited to 40 calls, 1 timeframe counts as a call, and 2 timeframes are used per symbol. Normalized values are derived by dividing the charts timeframe by 1D data. A runtime error will occur when more than 20 symbols are enabled. This limitation is unavoidable.
INPUTS
You can configure:
- Colors and color scheme
- Symbols to plot (most common futures)
- Norm. source (todays open / yesterdays close)
- Measurement type (%, ‱, Δ)
- Label, zone, and zero options
Release Notes
- Added link to indicator page the top of the code.
- Updated chart
Release Notes
- Minor code changes.
- Added "Smooth" option for color transitions.
- Converted to Pine Script v6
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Discord: discord.gg/cUsjDNNr
Website: liquid-trader.com
Website: liquid-trader.com
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Discord: discord.gg/cUsjDNNr
Website: liquid-trader.com
Website: liquid-trader.com
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.