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Correlation [array's]

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This script isn't about creating a correlation script with labels, there is a perfect working example of @Mango2Juice
(Correlation Matrix, which was inspired by @Daveatt's Correlation Matrix)

The intention was making it with the use of as less code as possible, looping through array's

The Pine correlation function doesn't work consistently in a local scope (loop), so I had to work around it

Inspired by @ZenAndTheArtOfTrading's Correlation Meter (using array.covariance and array.stdev) and
especially with the help of @RicardoSantos and @LonesomeTheBlue I've managed to do this

Symbols, timeframe, look-back period, colors and limits can be changed

There is always room for improvement, but I think it shows what is possible.

Many thanks to the people who I've mentioned, and of course to Tradingview!
(Without the Earth nothing can grow)

Cheers!

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.

Want to use this script on a chart?

Kommentarer

500 coins
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"barstateIsReallyLast"
nice lol
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fikira rbower
@rbower, Glad it is noticed :)
Sometimes it happens the data remains on the screen after a bar close, there are several solutions,
but this one does the trick in some occasions
:) ;)
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fikira RaimundoHenrique
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Awesome!
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fikira Chase37
@Chase37, Thank you!
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Amazing !
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