O Coeficiente de Correlação (CC) é utilizado nas estatísticas para medir a correlação entre duas séries de dados. No mundo trade, as séries são ações, ETFs ou quaisquer outros instrumentos financeiros. A correlação entre dois instrumentos financeiros aponta o grau de relação entre dois ativos, em uma escala de 1 para -1. Quanto mais próximo de 1, maior a correlação positiva, ou seja, os instrumentos realizarão movimentos na mesma direção. Quanto mais próximo de -1, mais se movimentarão em direções opostas. Um valor zero indica que não existe correlação.

Leia mais sobre o Coeficiente de Correlação no TradingView.

Leia mais sobre o Coeficiente de Correlação no TradingView.

Visually see how well a symbol tracks another's movements, without taking price deltas into account. For example, a 1% move on the index and a 5% move on the target will return a DCC value of 1. An index move of 0.5% on the index and a 10% move on the target will also return a DCC value of 1. The same happens for downward moves. The SMA value can be set to...

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Pearson correlation coefficient measures the linear correlation between two variables. It has a value between +1 and −1, where 1 is total positive linear correlation, 0 is no linear correlation and −1 is total negative linear correlation. It’s often denoted by r for sample correlation and ρ for population correlation. Note: Pearson Correlation only measures...

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I'm pleased to introduce this script in honor of the new array functions introduced to PineScript version 4.0. This update is a long time coming and opens the door to amazing scripting possibilities! Definition Named after Charles Spearman and denoted by the Greek letter ‘ ρ ’ (rho), the Spearman rank correlation coefficient is the nonparametric version of...

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In financial terms, 'correlation' is the numerical measure of the relationship between two variables (in this case, the variables are Forex pairs). The range of the correlation coefficient is between -1 and +1. A correlation of +1 indicates that two currency pairs will flow in the same direction. A correlation of -1 indicates that two currency pairs will move in...

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Graph shows level of correlation between current source and another one and track current value of it. User can select source for comparison, graph period and number of candles for calculation, enter level of significal correlation (+-0.65 by default). Grapf contains 4 plots: Correlation - current level of correlation, Zero line , +Corr_level - minimum level of...

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This script calculates the covariance and correlation coefficient between two markets using arrays. Lookback: How many bars to perform the calculation on. Source: Price source to calculate the correlation on. Reference Market: The reference market to compare to the current market. It's a simple indicator, but very useful for determining how correlated your...

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Hi everyone A co-pinescripter friend told me this was impossible to do and we bet a free dinner tomorrow. Guess who's going to be invited to a very fancy restaurant tomorrow :) :) :) (hint: not him) What's the today script is about? This script is based on this MT4 correlation matrix Asset correlation is a measure of how investments move in relation to one...

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This is my "Pine-based" correlation() function written in raw Pine Script. Other names applied to it are "Pearson Correlation", "Pearson's r", and one I can never remember being "Pearson Product-Moment Correlation Coefficient(PPMCC)". There is two basic ways to utilize this script. One is checking correlation with another asset such as the S&P 500 (provided as a...

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The Optimal Weighted Moving Average was created by Thomas Hutchinson and Peter G. Zhang, Ph.D. (Stocks & Commodities V. 11:12 (500-505)) and it is very similar to a classic weighted moving average but it uses the correlation between the input and the optimal weighted moving average output to use as the weights. Buy when the line turns green and sell when it turns...

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The code in contains a simple correlation indicator that can be used as an alternative to Tradingview’s built-in “Correlation Coefficient” indicator. The indicator allows users to correlate up to 3 separate instruments on the same subplot. This allows you, for example, to easily see the correlation of your instrument with stocks, bonds and FX. Alternatively, a...

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Introduction The correlation oscillator is a technical indicator that measure the linear relationship between the market closing price and a simple increasing line, the indicator is in a (-1,1) range and rise when price is up-trending and fall when price is down-trending. Another characteristic of the indicator is its inherent smoothing which provide a noise...

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Kendall Rank Correlation Coefficient script. This way to measure the ordinal association between two measured quantities described by Maurice Kendall (1938, Biometrika, 30 (1–2): 81–89, "A New Measure of Rank Correlation"). In this script I compare Kendall Coefficient and Pearson Coefficient (using built-in "correlation" function).

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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...

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The Spearman Rank Indicator was created by John Ehlers (Stocks and Commodities July 2020 pg 6) and this works well as a trend confirmation indicator. This is obviously his take on the Spearman Ranking Correlation and make sure to let me know what you think! Buy when the line turns green and sell when it turns red. Let me know if there are any other indicators you...

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Correlation amongst assets is the degree to which they move in tandem. This indicator measures correlation between different assets. Why is that important? To any investor diversification is a very important technique for reducing risk. The problem is that most misunderstand it. Most people tend to think diversification is achieved simply by investing in a...

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3 indicators in 1. Included Indicators are: - Correlation Coefficient - RSI - Stochastics Basic usage of these indicators respectively are: - CC value of 1 represents a perfect correlation, while a value of -1 represents an inverted correlation. - RSI values above 70 is commonly overbought, whilst below 30 is oversold. - Stochastics for describing the momentum...

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Correlation amongst assets is the degree to which they move in tandem. Diversification is a technique for reducing risk. Most people tend to think this is achieved simply by investing in a variety of assets instead of just a few. This is wrong. Proper diversification is achieved when you reduce the correlation between the assets in your portfolio. 0.5 to...

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2 indicators in 1. Included Indicators are: - Correlation Coefficient - RSI Basic usage of these indicators respectively are: - CC value of 1 represents a perfect correlation, while a value of -1 represents an inverted correlation. - RSI values above 70 is commonly overbought, whilst below 30 is oversold. Please recognize that these are simplified...

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