ST Power Correlation

The ST Power Correlation Tool is designed to help manage the direct correlation your portfolio has with the chart you are looking at and thinking about trading. 


ThinkorSwim:


Tradestation: 

Most popular customization's include:

Changing the symbols and allocations in Thinkorswim
Changing the color of each line displayed in Thinkorswim
Changing the thickness of the lines displayed in Thinkorswim
Changing the symbols and allocations in Tradestation
Changing the color of each line displayed in Tradestation
Changing the thickness of the lines displayed in Tradestation


ST Power Correlation Tool for Thinkorswim 

To change the symbols, go to Studies then Edit Studies and click the gear icon on your indicator.

In the Inputs section, you can change the Symbols to reflect those in your current portfolio. 

Changing the color of each line displayed in Thinkorswim 

In the plots section at the bottom of the window, you can change the colors of the lines.

The correlation numbers align with symbol number so you can change which line color you prefer. 

Changing the thickness of the lines displayed in Thinkorswim

Selecting the Style and Width will give you the options for what you would prefer the display to look like.

ST Power Correlations Tool for Tradestation: 

Changing the symbols and allocations.

You can change the symbols the indicator looks at from the Inputs tab in the Format Indicator window. 

Right click on the chart and select Format Analysis Technique in order to change these symbols. 

Once you have updated the SYMB's with the symbols of your choices, you are set. 

You can also change the color of each of these correlations. 

Changing the color of each line displayed in Tradestation 

In the very same menu, select the Color tab, where you will be able to adjust the color for each of the symbols correlated. 

If the colors are fine or if you are having a hard time distinguishing between lines try adjusting the Weight of the line. 

Changing the thickness of the lines displayed in Tradestation

This can be done from your Format Indicator menu as well. 

Select the Style tab and get to the plot correlation you are wanting to adjust the line weight for it. 

About - Power Correlations Indicator
https://intercom.help/simpler-trading/en/articles/3477031

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