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Published:

2020.06.03 16:26

Correlation angle.mq5 (7.06 KB) view

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General description :

In his June 2020 TASC article "Correlation as a cycle indicator" John Ehlers describes one possible way to determine trend in the markets
His article describes 3 possible ways of determining the trend and here we shall post all the 3 possible ways

This version :

this version is showing the "angle" part of the correlation calculation

Alphabet structure

Sets of latin, russian characters, digits, punctuation, etc.

EMA on RSI

Calculates a Exponential Moving Average based on RSI Data, instead of the regular Pricing data. Simple and and to the point.

Correlation phasor

Correlation market state

Correlation angle - indicator for MetaTrader 5