Pearson correlation coefficient

[vstoichk]

Hi,

Is there an indicator that would plot the time-series of the correlation coefficient between two instruments?

Thanks

[NinjaTrader_Jesse]

Hello vstoichk,

Thank you for your post.

I am unaware of a specific indicator for pearson correlation coefficient. The system indicators do not include an indicator which could be used as this directly. There is the RSquared indicator which calculates a correlation coefficient but I am unsure how similar this would be to pearsons calcualtion. This is included with 8 so you could take a look at the code to get an idea of what changes would be needed if you wanted to create this yourself.

There is another item listed in the public available user app share that calculates coefficients: https://ninjatraderecosystem.com/use...correlation%20

Also, one is listed for NT7, if that was closer to what you needed you could potentially use that as a base for a conversion as well.

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I look forward to being of further assistance.