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Correlation indicator


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Correlation indicator

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 chadschneid 
Omaha, NE/USA
 
Experience: Beginner
Platform: NT
Trading: stocks
Posts: 6 since Jun 2013
Thanks Given: 7
Thanks Received: 2

Does anyone know of a good correlation indicator that would show if the SPY is trending up / down during a given period?

With all of the amazing indicators on this forum I'd be surprised if it didn't exist, but I couldn't find one.

It would be fairly simple, just looking for higher highs / lower lows for an index, to help identify if a period is better for longs or shorts.

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Last Updated on August 15, 2014


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