"Pirson and Spearman correlation indicator" | Traders Hideout


futures.io - futures trading strategies, market news, trading charts and platforms


Traders Hideout


Discuss day trading practices and futures trading strategies on this forum for all markets. This forum is also for discussing and reviews for brokers, data feeds, and commercial or third party add-ons




 

"Pirson and Spearman correlation indicator"

  #7 (permalink)

Bari, Italy
 
Trading Experience: Beginner
Platform: NinjaTrader
Favorite Futures: Emini ES
 
Posts: 62 since May 2018
Thanks: 90 given, 21 received


Cyberjoe View Post
Gianni,

Price and returns are continuous variables, so Pearson should be used to evaluate the correlation between two variables. Spearman is used for ordinal variables, i.e., ranked data.

Not sure if this indicator is of any value...

Cyberjoe

Thank you for your response.

Reply With Quote