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Divergence Between Instruments
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Divergence Between Instruments
Is there an indicator which shows the net correlation or divergence between two instruments?Tags: None
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The correlation indicator will plot the correlation of the data series to a desired instrument. Values close to 1 indicate movement in the same direction. Values close to -1 indicate movement in opposite directions. Values near 0 indicate no correlation.
Here is an example of the correlation indicator applied to an ES 12-19 chart correlating the NQ 12-19:
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It's built into NinjaTrader if you're using 8.0.19.0 or later. If you need to update, please follow the steps below.- First, copy your license key from NinjaTrader under Help> License Key then exit NinjaTrader
- Click on the link: http://ninjatrader.com/PlatformDirect
- Enter your license key and press Submit
- Select 'NinjaTrader 8'
- Select 'Download'
- Critical: Before running the installer, ensure NinjaTrader is closed.
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Originally posted by satmatw View PostHow do we set this up - it is not working for me see the screenshot
Let me know if I may be of further assistance.
Christopher J.NinjaTrader Customer Service
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