This custom study is the correlation between two moving averages over a user specified period.
Formula of curve:
Correlation(MAx1(@,Sim,MA1),MAx2(@,Sim,MA2),CorrPeriod)
Setup parameters:
•Display
•OB/OS
•MA1: The short term moving average.
•MA2: The longer term moving average.
•CorrPeriod: The period used for the calculations of correlation.