Ultra Spearman Rank Correlation

Ultra Spearman Rank Correlation


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 parameters:

//| Indicator input parameters                   |
ינפּוט int  rangeN=14;
ינפּוט Smooth_Method W_Method=MODE_JJMA;        // Smooth method
ינפּוט int StartLength=3;                        // Start length
ינפּוט int WPhase=100;                           // Phase
ינפּוט uint Step=5;                              // Period step
ינפּוט uint StepsTotal=10;                       // Steps total
ינפּוט Smooth_Method SmoothMethod=MODE_JJMA;    // Smooth method
ינפּוט int SmoothLength=3;                      // Smooth length
ינפּוט int SmoothPhase=100;                     // Smooth phase
ינפּוט uint UpLevel=80;                         // Overbought level (in %)
ינפּוט uint DnLevel=20;                         // Oversold level (in %)
ינפּוט color UpLevelsColor=Blue;                // Overbought level color
ינפּוט color DnLevelsColor=Blue;                // Oversold level color
ינפּוט STYLE Levelstyle=DASH_;                 // Level style
ינפּוט WIDTH  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. EMAexponential 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.

The indicator uses SmoothAlgorithms.mqh library classes (must be copied to the terminal_data_folder\MQL5\Include). The use of the classes was thoroughly described in the articleAveraging Price Series for Intermediate Calculations Without Using Additional Buffers”.

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


מט5 ינדיקאַטאָר – Download ינסטרוקטיאָנס

Ultra Spearman Rank Correlation is a Metatrader 5 (מט5) גראדן און די עסאַנס פון די פאָרעקס גראדן איז צו יבערמאַכן די אַקיומיאַלייטיד געשיכטע דאַטן.

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

באַזירט אויף דעם אינפֿאָרמאַציע, 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 / עקספּערץ / ינדאַקייטערז /
  • אָנהייב אָדער ריסטאַרט דיין מעטאַטראַדער 5 קליענט
  • אויסקלייַבן טשאַרט און טיימפריים ווו איר ווילן צו פּרובירן דיין גראדן
  • זוכן “מנהג ינדיקאַטאָרס” אין דיין נאַוויגאַטאָר מערסטנס לינקס אין דיין מעטאַטראַדער 5 קליענט
  • Right click on Ultra Spearman Rank Correlation.mq5
  • צוטשעפּען צו אַ טשאַרט
  • מאָדיפיצירן סעטטינגס אָדער דריקן גוט
  • Indicator Ultra Spearman Rank Correlation.mq5 is available on your Chart

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

  • אויסקלייַבן די טשאַרט ווו איז די גראדן פליסנדיק אין דיין מעטאַטראַדער קליענט
  • רעכט גיט אין די טשאַרט
  • “ינדיקאַטאָרס רשימה”
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Ultra Spearman Rank Correlation

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