Multi_Frq_PV_Corre is yet another versatile indicator designed for comparative & correlation analysis between two assets, applied to any frequency/timeframe. This indicator can be a source of many strategic concepts, to source out multiple variations of value needed to diversify the trader's arsenal in exploiting opportunity in many forms. Like the DPV_CORRE_E85, however this takes analysis a step further to apply analytics on multiple frequencies & compile into a single output. Thus can be implemented within scalp, swing, & long term concepts, extracting applicable data for the use of, but not limited too, directional bias, directional momentum & strength of movement, OBOS, volatility, cycle location, expansion+compression, etc. This indicator package is only available in open source code, to allow the user to become familiar with the many proprietary calculation options available, to eventually implement into your own strategic/systematic/discretionary concepts. In order to exploit its full functionality, this should be applied to any chart with directional volume or ticks (Upticks/downticks or UpVolume DownVolume).
Category: Intermediate - Advanced