Wasabi Tool: Bitcoin-Dominance Correlation Indicator by WasabiChart

Wasabi Tool: Bitcoin-Dominance Correlation Indicator

This indicator shows Kendall's correlation in red and Pearson correlation in blue.

* How to use:
As the line is getting near +1, a positive correlation gets stronger.
On the other hand, as the line is getting near -1, a negative correlation gets stronger.

---

Wasabi Tool: Bitcoin-Dominance Correlation Indicator(Wasabi 전.나.구. 분석툴: 비트코인 도미넌스-상관관계(correlation) 지표)는

켄달(Kendall) 와 피어선(Pearson) 상관관계 분석을 사용한 비트코인과의 상관관계(correlation)를 지표로 표시합니다.

* 선 의미:
빨간선: 켄달 계수
파산선: 피어선 계수

* 해석:
계수가 1에 가까울수록 양의 상관관계가 강하고
계수가 -1에 가까울수록 음의 상관관계가 강하다.

Protected script

This script is published closed-source but you may use it freely. You can favorite it to use it on a chart. You cannot view or modify its source code.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?