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"Pirson and Spearman correlation indicator"

  #1 (permalink)

Bari, Italy
Trading Experience: Beginner
Platform: NinjaTrader
Favorite Futures: Emini ES
Posts: 38 since May 2018
Thanks: 70 given, 9 received

"Pirson and Spearman correlation indicator"

I found an indicator for MT4 called "Pirson and Spearman correlation indicator". Maybe "Pirson" is an error of transcription and they actually mean "pearson".
I would like to know how it works. I find the following link https://forexobroker.com/pirson-and-spearman-correlation-indicator/, but its explanation isn't very clear to me.

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