Support Board
Date/Time: Fri, 29 Nov 2024 18:36:00 +0000
Correlation S&P500 / Crude
View Count: 343
| [2023-01-21 13:05:32] |
| User962825 - Posts: 4 |
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Hi There, could anybody tell me how i can get a correlation chart of s&p500 compare with crude oil? thanks |
| [2023-01-23 16:43:59] |
| John - SC Support - Posts: 36350 |
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In general the idea would be to open a chart for one symbol then use the Add Additional Symbol to get the other symbol into the chart. Then use whatever tool you want in order to do some comparison between the two pieces of data. How you determine the Correlation is really up to you in this case. For example, if you want to divide the Close of the two symbols and then see that result, then you would use the Study Subgraphs Divide study to do this. If you want to do something more complex, or get a resulting Bar (rather than a single line) then you should look at the Spreadsheet Formula and Spreadsheet Formula (Bar) studies. Refer to the following documentation for each of the studies referenced above: Add Additional Symbol Study Subgraphs Divide/Ratio Spreadsheet Formula For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
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