Ultra Spearman Rank Correlation

Ultra Spearman Rank Correlation

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This indicator is based on values of the several signal lines of SpearmanRankCorrelation indicator. The signal lines calculation algorithm looks as follows. The input parameters contain

  • rangeNaveraging period;

The set of the signal lines is calculated using the arithmetic progression formula:

SignalPeriod(Number) = StartLength + Number * Step

The value Number variable vary from 0 to StepsTotal. The resulting periods added to the arrays and used in calculation of the averaged values of SpearmanRankCorrelation indicator. The calculation of current trend direction is based on the averaged trend values for all signal lines.

Finally, the positive and negative values of the trends are averaged and used as indicator lines, shown as a color histogram, plotted using the DRAW_COLOR_HISTOGRAM2 drawing style. Historgram color depends on trend direction, the histogram width depends on strength of the trend.

For indicator values outside the overbought and oversold levels the dark colors are used. For the overbought/oversold values the light colors are used.

input parametere:

//+----------------------------------------------+
//| Indikator inngangsparametere                   |
//+----------------------------------------------+
inngang int  rangeN=14;
//----
inngang Smooth_Method W_Method=MODE_JJMA;        // Smooth method
inngang int StartLength=3;                        // Start length
inngang int WPhase=100;                           // Phase
//----  
inngang UINT Step=5;                              // Period step
inngang UINT StepsTotal=10;                       // Steps total
//----
inngang Smooth_Method SmoothMethod=MODE_JJMA;    // Smooth method
inngang int SmoothLength=3;                      // Smooth length
inngang int SmoothPhase=100;                     // Smooth phase
//----                          
inngang UINT til neste nivå =80;                         // overkjøpt nivå (in %)
inngang UINT DnLevel =20;                         // solgt nivå (in %)
inngang farge UpLevelsColor=Blue;                // Overbought level color
inngang farge DnLevelsColor=Blue;                // Oversold level color
inngang STYLE Levelstyle = DASH_;                 // Level style
inngang BREDDE LevelsWidth = WIDTH_1;             // Level width

The indicator has a possibility to select the smoothing out of the dozen of possible versions:

  1. SMAsimple moving average;
  2. MOR – exponential moving average;
  3. SMMAsmoothed moving average;
  4. LWMAlinear weighted moving average;
  5. JJMAJMA adaptive average;
  6. JurXultralinear smoothing;
  7. ParMAparabolic smoothing;
  8. T3Tillson’s multiple exponential smoothing;
  9. VIDYAsmoothing with the use of Tushar Chande’s algorithm;
  10. AMAsmoothing with the use of Perry Kaufman’s algorithm.

It should be noted that Phase1 and Phase2 parameters have completely different meaning for different smoothing algorithms. For JMA it is an external Phase variable changing from -100 to +100. For T3 it is a smoothing ratio multiplied by 100 for better visualization, for VIDYA it is a CMO oscillator period and for AMA it is a slow EMA period. In other algorithms these parameters do not affect smoothing. For AMA fast EMA period is a fixed value and is equal to 2 by default. The ratio of raising to the power is also equal to 2 for AMA.

Indikatoren bruker SmoothAlgorithms.mqh bibliotek klasser (må kopieres til terminal_data_folder MQL5 Inkluder). Bruken av klassene ble grundig beskrevet i artikkelen “Gjennomsnitt Pris serien for Intermediate Beregninger uten å bruke ekstra buffere”.

The indicator uses SpearmanRankCorrelation.mq5 indicator, it must be placed to terminal_data_folder\MQL5\Include.

 

MT5 Indicator – Instruksjoner for nedlasting

Ultra Spearman Rank Correlation is a Metatrader 5 (MT5) indikator og essensen av forex indikatoren er å forvandle den akkumulerte historie data.

Ultra Spearman Rank Correlation provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.

Basert på denne informasjonen, traders can assume further price movement and adjust their strategy accordingly.

How to install Ultra Spearman Rank Correlation.mq5?

  • Download Ultra Spearman Rank Correlation.mq5
  • Copy Ultra Spearman Rank Correlation.mq5 to your Metatrader Directory / eksperter / indikatorer /
  • Starter eller omstarter Metatrader 5 Klient
  • Velg Kart og Tidsramme hvor du vil teste din indikator
  • Søk “Tilpassede Indikatorer” i Navigator stort sett igjen i Metatrader 5 Klient
  • Right click on Ultra Spearman Rank Correlation.mq5
  • Fest til et diagram
  • Endre innstillinger eller trykk ok
  • Indicator Ultra Spearman Rank Correlation.mq5 is available on your Chart

How to remove Ultra Spearman Rank Correlation.mq5 from your Metatrader 5 Chart?

  • Velg Chart hvor ligger Indikator kjører i Metatrader Client
  • Høyreklikk i Diagram
  • “Indikatorer liste”
  • Velg Indicator og slett

Klikk her under for å laste ned MT5 Indicator:

Ultra Spearman Rank Correlation

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