Im looking for an indicator that compare various symbols that are correlated and tell me wich is the leading symbol that give impulse to the
prices of others.
ex : SP500, DJ and NASDAQ are mostly correlated. On the other day, SP500 was the leading symbol that drive prices down to all of the 3 indexes
until the SP500 pivot.
The 2 others symbols broke their pivots until the SP500 pivot was reached then all retracted. SP500 was the clearly the leading symbol
that give impulse to the price of the 2 others.
Im looking to an indicator that can give in real time the leading symbol on a list of various ones, im looking in CodeBase but not found
something usefull for this task (maybe because i don't know what im looking for...)
If somebody have a clue on an indicator like this or a way to code it, it will help me a lot. (of course its easy to see with eyes but i need it for my
Any advice is welcome of course.