simple 2 symbol correlation with slow and fast moving correlation
//@version=2 study("@seven.aces correlations") Llen=input(21,"Long Length") Slen=input(7,"Short Length") sym1_=input('SPY', "Symbol #1") sym2_=input('TLT', "Symbol #2") sym1=security(sym1_ ,period , close ) sym2=security(sym2_ ,period , close ) Lcorr=correlation(sym1,sym2,Llen) Scorr=correlation(sym1,sym2,Slen) plot(Lcorr,color=blue) plot(Scorr,color=red) hline(0) hline(-1) hline(1)