The main objective of the AT&CF method is creation of the minimum number of technical tools possessing set properties. There must be enough of this tools to build a trading algorithm that would provide maximum possible profitability, while possessing the least possible risk level, for some definite market.
Basic rules of the interpretation of the tools specified above:
STLM interpretation requires special attention. Positive STLM value indicates the bullish trend and negative one indicates the bearish trend. STLM is a leading indicator. STLM local minimum always goes before SATL local minimum. STLM local maximum always goes before SATL local maximum.
Reaching of its extreme points by STLM is necessary but not sufficient condition of SATL curve reaching a top or a bottom. Rising STLM in case of the rising SATL indicates bullish trend acceleration. Horizontal and positive STLM in case of the rising SATL indicates steady bullish trend. The more is the STLM absolute value, the stronger is the bullish trend. Falling STLM in case of the falling SATL indicates bearish trend acceleration.
In case FATL and SATL lines start or resume moving in one direction, it indicates either a trend reverse, or end of correction and continuation of the price movement towards SATL.
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/456
Chaikin Oscillator with a smoothing algorithm selection.Spearman's Rank Correlation
Spearman's Rank Correlation is a non-parametrical method used for statistical analysis of the correlation.