As you can see, LQD and the SPX have had a very tight correlation, particularly since the liquidity hose was turned on after the market crash in March. This is why a selloff in the bond markets, may very well forewarn of a potential correction (perhaps severe, perhaps just mean reversion).
This is made more concerning, with the selloff in HYG occurring in tandem with the selloff in LQD , the question i have is, what do the bond investors know that equity investors do not?
Also, can you advise how you have been able to include two instruments in a single frame, with price axis on both left and right hand side? I've tried a number of times to load up 2 instruments, although they stack on top of each other and utilise the single price column, which doesn't provide for the great correlation examples you've achieved. If you could provide some insight, that would be great.
If the chart scales are still all to one side, then go to "settings" and "scales" and select "auto" under "scales placement."
Hope that helps.
Also, while i have you, does TradingView have a 'marketplace' per se, for the sale and purchase of custom indicators and/or EA's etc - for code written in the TradingView language? If so, how does one apply to be a seller, and what is the typical process?