This custom study is the correlation between the active instrument and three equity indexes over a user specified period. It is available on the Add Studies window, on the Custom Studies window (Formula Builder), and in the Toolbox.
Formula of curves:
Dow Jones Index: Correlation(@,X.DJI,Period)
S&P 500 Index: Correlation(@,X.SPC,Period)
NASDAQ Composite Index: Correlation(@,X.NQC,Period)
Setup parameters:
•Display
•OB/OS
•Period: The period used for the calculations of correlation.