Included Indicators are:
Basic usage of these indicators respectively are:
- CC value of 1 represents a perfect correlation, while a value of -1 represents an inverted correlation.
- values above 70 is commonly overbought, whilst below 30 is oversold.
Please recognize that these are simplified explanations.
Reasons for 2 in 1 assembly:
This indicator is intended to be used by students, and followers of Dan Takahashi
(a prominent educator of investing in Japan who is also a user of TradingView) .
Those who wants to use and learn with the same setup as Dan, would greatly benefit from this since,
the complex setting up process which can be a pain for beginners can be skipped with a simple click.
Every stylistic choice of color and placement were made to make it similar to the chart used by Dan.
Simple customizations are available such as:
- Changing color
- Changing the values
- Hide/show controls
This is intended to be used alongside “MA ICHI BB ” for the complete the setup.
Any questions, please refer to:
また、“MA ICHI BB ”どいうタイトルのインジケータも同時に公開しておりますので、セットアップを完成させたい方はこちらもご活用ください。
ご質問は ＠rogulabo までよろしくお願いいたします。
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.