The Pair Correlation study calculates the Correlation coefficient between the prices of the instruments in the composite symbol (e.g., "IBM+GOOG").

Note that in composite symbols, instruments are ordered alphabetically, and Pair Correlation calculates the coefficient for the first two instruments only. E.g., if the composite symbol "C+BAC+AMD" is entered, it will be normalized to "AMD+BAC+C", and the coefficient will be calculated for AMD and BAC.

Input Parameters

Parameter Description
length The number of bars used to calculate the correlation coefficient.


Plot Description
Correlation The Pair Correlation plot.


*For illustrative purposes only. Not a recommendation of a specific security or investment strategy.