The indicator is a volatillity measure.
It implements the equation of the standard deviation of the last N bars. The formula of the equation can be found at https://en.wikipedia.org/?title=Standard_deviation
Bars Used for the Indicator Calculations - the number of bars used to calculate volatility. Proper values - from 5 to 250. Ability to shift the chart - Ability to shift the chart to the left. Proper values- from 0 to 20. Default value is 0 and corresponds to no sh
Correlation Index implements the equation of correlation coefficient (ρ). Correlation is a measure of dependence between two securities. The formula of the equation can be found at https://en.wikipedia.org/wiki/Correlation_and_dependence
We generally consider that
EURUSD moves to the same direction as GBPUSD =>positive correlation JPY, CHF, Gold move to the same direction=>positive correlation oil moves to the opposite direction of USD=>negative correlation ....But how strong is this depe
S1,S2,...,S10: the securities that construct the portfolio. Proper values could be any security (e.g., EURUSD, GBPUSD, USDJPY, AUDUSD, AUDJPY, USDCAD, DAX30, DJ30, S&P500,WTI, GOLD, ...). The default value is NA which means that no security is added to the portfolio. W1,W2,...,W10: the weights of the securities in the portfolio. Proper values could be any real number. A positive number means that we are long a security. A negative number means that we are short. Note that the weig