Displaying Spearman Rank Correlation Across Two Timeframes

Summary

The document describes an indicator that places two Spearman rank correlation series from different timeframes in one chart window. The values are displayed as a cloud whose color reflects the indicated trend direction. This offers a compact visual comparison of rank-correlation readings across time horizons, potentially helping a trader see whether the two timeframe signals align or differ.

The description is brief and supplies no calculation details, parameter choices, trading rules, example interpretation, or performance evidence. It does not specify how the cloud color is assigned or how the two readings should be combined into a decision. Treat it as a description of an indicator's display concept rather than a validated strategy; users would need to inspect the implementation and test any use in their own market and timeframe.

Key ideas

• The indicator displays Spearman rank correlation readings from two timeframes in one window.
• A colored cloud communicates the stated trend direction.
• The description gives no signal rules, parameter guidance, or performance evidence.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.