"Pirson and Spearman correlation indicator" | Traders Hideout

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"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

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...


Thank you for your response.

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