"Pirson and Spearman correlation indicator" | Traders Hideout

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"Pirson and Spearman correlation indicator"

  #5 (permalink)

Bari, Italy
Trading Experience: Beginner
Platform: NinjaTrader
Favorite Futures: Emini ES
Posts: 39 since May 2018
Thanks: 70 given, 10 received

I spent a little time to think about and I suppose that in general indicators based on Spearman index could rely on a confrontation between a certain number of close prices ranked from the minor to the major and the same prices taken as they appear on the chart. The upper range correspond to a overbought level and vice versa.

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