Spearman

Ultra Spearman Rank Correlation – indicator MetaTrader 5

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Ultra Spearman Rank Correlation indicator
This indicator is based on values of the several signal lines of  SpearmanRankCorrelation indicator. The signal lines calculation algorithm looks as follows. The input parameters contain rangeN – averaging period; The set of the signal lines is calculated using the arithmetic progression formula: SignalPeriod(Number) = StartLength + Number * Step The value Number variable vary … Read more

Spearman Rank Autocorrelation – indicator MetaTrader 5

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Spearman Rank Autocorrelation - indicator for MetaTrader 5
The “auto” addition is because this indicator in fact does that: shows a correlation to itself. So it is an auto-correlation version of Spearman rank indicator. Added Zones (for easier spotting of upper or lower level crossing) as well as the usual Heiken Ashi choices of prices. Here is an example with Heiken Ashi average … Read more

Spearman rank correlation – floating levels – indicator MetaTrader 5

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Spearman rank correlation - floating levels - indicator for MetaTrader 5
Usually when Spearman rank is used, it is coupled with some fixed levels that, once when crossed, should indicate high “strength” of correlation (positive or negative, does not matter). This version is a Spearman rank correlation with an addition of floating levels to be used instead of using fixed level as a measure of high … Read more