Pirson&Spearman Correlation Indicator is of interest to a large number of traders. The basis of this indicator on the principle of Spearman's correlation. More details about the Spearman's correlation you can find out from the manual, which can be downloaded at the bottom of this article. Pirson & Spearman Correlation Indicator is well suited for trading on any currency pair and any time frame (recommended H1).
Characteristics of Pirson-Spearman Correlation Indicator
- Platform: Metatrader4
- Currency pairs: Any
- Trading Time: Any, recommended H1
- Timeframe: Any
- Recommended broker: Alpari
Pirson&Spearman Correlation Indicator intuitive: arrow up - a signal for Long position, arrow down - a signal for Short position:
Other than that the indicator marks line level for the Stop Loss.
Exit when a signal of the opposite or the Take Profit.
In the archives PirsonSpearman_Correlation_Indicator.rar:
- Pirson&Spearman Correlation Indicator.tpl
- Pirson&Spearman Correlation Indicator Manual.pdf
Free Download Pirson&Spearman Correlation Indicator