Spearman Rank with Alerts
- インディケータ
- Romer Javier Franco Lozada
- バージョン: 1.0
- アクティベーション: 10
📈 Spearman Rank MTF – Momentum Oscillator with Trend Intelligence
The Spearman Rank MTF is a powerful oscillator designed to measure trend strength and direction using a statistical approach based on Spearman's Rank Correlation. This indicator excels at detecting trend changes, key reversals, and overbought/oversold conditions with precision and clear visual cues.
✅ Key Benefits
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Multi-Timeframe (MTF) support – analyze higher timeframes without leaving your current chart.
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Dual smoothing modes – choose between the original or a smoothed curve for your trading style.
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Multiple signal types:
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Entering/leaving overbought/oversold zones.
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Directional momentum shifts.
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Fully configurable or signals off.
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Clean visual design – intuitive arrows, crisp lines, and customizable settings.
🧠 How It Works
Spearman Rank measures the correlation between the order of current prices and their ideal ascending or descending sequence. Values close to +100 indicate strong bullish momentum, while values near -100 suggest strong bearish movement.
You can configure:
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The threshold for overbought/oversold levels (default ±80).
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The type of signal you want to display (entry, exit, both, or trend change).
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The calculation period and smoothing option.
🎯 Perfect For:
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Price action, swing, and scalping traders.
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Entry/exit confirmation in trend-following systems.
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Spotting false breakouts and subtle reversals.
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Filtering trades based on actual trend strength.
⚙️ Parameters:
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period : Length of the Spearman calculation.
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level : Overbought/oversold threshold.
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signalType : Choose when to show signal arrows.
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smoothing : Original or smoothed line display.
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tf : Source timeframe for MTF mode.
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minChange : Minimum slope to detect valid trend shifts.
📌 Pro Tips
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Use SMOOTHED mode on volatile pairs to reduce noise.
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Set SIGNAL_TREND_CHANGE to focus on clean momentum shifts without relying on extreme levels.
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Combine with price zones, support/resistance, or candlestick patterns for higher accuracy.
💬 Support
Ongoing updates, free improvements, and responsive post-sale support are included.