Indicators: Ultra Spearman Rank Correlation
smoothalgorithms.mql is inside /MQL5/Include/
but when compiling, it is not found
razoff:
smoothalgorithms.mql is inside /MQL5/Include/
but when compiling, it is not found
Be sure that files have been placed in the following folders:
- \Data folder\MQL5\Include\smoothalgorithms.mqh
- \Data folder\MQL5\Indicators\spearmanrankcorrelation.mq5
- \Data folder\MQL5\Indicators\ultraspearmanrankcorrelation.mq5
To find the "Data folder" directory go to "File"->"Open Data Folder".
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Ultra Spearman Rank Correlation:
This trend indicator is based on SpearmanRankCorrelation indicator values and analysis of its signal lines.
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.
Author: Nikolay Kositsin