Correlation coefficient

[wildfiction]

I'm looking for a study that plots the correlation coefficient of 2 symbols in a panel below the chart. I'm sure that someone has already done this that's why I'm asking and not wasting my time writing it myself.

eSignal allows up to 5 symbols to be plotted on the same chart. The correlation study would plot a value of -1 to 1 below the chart using symbol #1 and #2 to do the calculation with a parameter to determine the number of periods to use in the calculation.

If this study doesn't exist (to anyone's knowledge) then how do you reference the 2 different symbols in a chart? I'll write the study...

Thanks
Guy

[eSignal_JasonK]

Hello Guy,

Chris Kryza has developed a couple of correlation studies. Visit his Correlations folder in his Specialty Scripts file share group and check out PearsonRCorrelation.efs and SpearmanRankCorrelation.efs.

[wildfiction]

Just what I was looking for. Thanks Jason (and Kryza).