the comparison charts are cool, I hadn't played around with that
before. I'm adding that to various indicators I commonly use. One
thing, the default setting they use is 20 days, however for things
that are extremely correlated such as QQQ vs QQQE, SPX vs SPXE you
might want to use a MUCH smaller value over the default such as 5 -
8.
also for the VIX the perfect correlation is -1, however you can
flip that by using $ONE:$VIX
Thanks for the values. I was trying a few different values. But
it will take a while to vusually look back a few yeras to get a
good fit. The VIX "5" is good.
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the comparison charts are cool,
Correlation SPX to new lows in spx, indicator window below ...
Posted by matt on 20th of Jan 2020 at 12:22 pm
the comparison charts are cool, I hadn't played around with that before. I'm adding that to various indicators I commonly use. One thing, the default setting they use is 20 days, however for things that are extremely correlated such as QQQ vs QQQE, SPX vs SPXE you might want to use a MUCH smaller value over the default such as 5 - 8.
also for the VIX the perfect correlation is -1, however you can flip that by using $ONE:$VIX
Thanks for the values. I
Posted by elliotw on 20th of Jan 2020 at 10:54 pm
Thanks for the values. I was trying a few different values. But it will take a while to vusually look back a few yeras to get a good fit. The VIX "5" is good.