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# BB % Correlation

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BB% of Correlation, is the indication frequently used by Quant Traders to define the momentum for their Arbitrage Trading Strategy. If anyone here is a Quant Trading and find this is not a correct script, please feel free to fix it, because I am not a programer. Thank you.
```study(title = "BB % Correlation", shorttitle = "BB % Correl")

source = hlc3
//length = input(14, minval=1, title="RSI Period")
//corlength = input(30, minval=1, title="Correlation Period)
bblength = input(20, minval=1, title="BB Period")
mult = input(2.0, minval=0.001, maxval=50, title="StdDev")
HighlightBreaches=input(false, title="Highlight Oversold/Overbought?", type=bool)

//Define RSI
//rsi_s = rsi(source, length)

//Define Correlation
sym = input(title="Symbol", type=symbol, defval="XAUUSD", confirm=true)
src = input(close, title="Source")
//corlength = input(20, minval=1)
corlength = input(30, minval=1, title="Correlation Period")

res=period

ovr = security(sym, res, src)
correl = correlation(src, ovr, corlength)

// BB of RSI

basis = sma(correl, bblength)
dev = mult * stdev(correl, bblength)
upper = basis + dev
lower = basis - dev

bbr = (correl - lower)/(upper - lower)
plot(bbr, color=teal)
band1 = hline(1, color=gray, linestyle=dashed)
band0 = hline(0, color=gray, linestyle=dashed)
fill(band1, band0, color=teal)

//p1 = plot(upper, color=blue)
//p2 = plot(lower, color=blue)
//fill(p1,p2, blue)

b_color = (correl > upper) ? red : (correl < lower) ? green : na
//b_color = (bbr > band1) ? red : (bbr < band0) ? green : na
bgcolor(HighlightBreaches ? b_color : na)```
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