This custom study is the correlation between two moving averages over a user specified period.
Formula of curve:
Correlation(MAx1(@,Sim,MA1),MAx2(@,Sim,MA2),CorrPeriod)
Setup parameters:
• Display
• OB/OS
• MA1: The short term moving average.
• MA2: The longer term moving average.
• CorrPeriod: The period used for the calculations of correlation.