Spearman Rank with Alerts

📈 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

  • Multi-Timeframe (MTF) support – analyze higher timeframes without leaving your current chart.

  • Dual smoothing modes – choose between the original or a smoothed curve for your trading style.

  • Multiple signal types:

    • Entering/leaving overbought/oversold zones.

    • Directional momentum shifts.

    • Fully configurable or signals off.

  • 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:

  • The threshold for overbought/oversold levels (default ±80).

  • The type of signal you want to display (entry, exit, both, or trend change).

  • The calculation period and smoothing option.

🎯 Perfect For:

  • Price action, swing, and scalping traders.

  • Entry/exit confirmation in trend-following systems.

  • Spotting false breakouts and subtle reversals.

  • Filtering trades based on actual trend strength.

⚙️ Parameters:

  • period : Length of the Spearman calculation.

  • level : Overbought/oversold threshold.

  • signalType : Choose when to show signal arrows.

  • smoothing : Original or smoothed line display.

  • tf : Source timeframe for MTF mode.

  • minChange : Minimum slope to detect valid trend shifts.

📌 Pro Tips

  • Use SMOOTHED mode on volatile pairs to reduce noise.

  • Set SIGNAL_TREND_CHANGE to focus on clean momentum shifts without relying on extreme levels.

  • Combine with price zones, support/resistance, or candlestick patterns for higher accuracy.

💬 Support

Ongoing updates, free improvements, and responsive post-sale support are included.


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A new King in town - Indicator + Order management indications(tp1+tp2+tp3) + Optional Telegram Signal sender   INCLUDED (FREE) ( FULL TRADING  and SIGNAL SYSTEM ) Our best EA for Gold: Gold Slayer  This indicator includes an advanced Strategy, a trading system with customisable order management and a mean reversion system that combines envelope extensions, backed by multiple intelligent confirmation filters like RSI to catch high probability reversal entries with BUY and SELL signals . The indi
Strategy Assistant MT5
Hamed Dehgani
5 (2)
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Product News:   Strategy Assistant has been upgraded to the new Version 1.9 with faster performance, a redesigned professional interface, and improved user experience. Developer Note:   Strategy Assistant is under continuous development with regular upgrades and improvements, Next update: Adding Strategy Agent (intelligent combinations of multiple strategies). Pricing Note: The current price remains at $50 for the first 100 users , after which the price will increase to $100 . Strategy Assistan
Smc Pro ToolKit
Talal N Z Aljarusha
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SMC Pro ToolKit  is a professional chart-based Smart Money Concepts indicator for MetaTrader 5. It helps traders read market structure, identify key liquidity areas, organize trade context, and plan setups directly from the chart. This is not a simple buy/sell arrow indicator. It is a complete visual trading toolkit that combines Smart Money Concepts, multi-timeframe analysis, session context, setup planning, risk assistance, and professional dashboard tools in one clean workspace. Watch setup
Atbot
Zaha Feiz
4.69 (55)
Indicators
ATy Gold and BTC  Join my MQL5 channel to update the latest news from me.  My community of over 80,000 members on MQL5 ATbot : How It Works and How to Use It How It Works The "AtBot" indicator for the MT5 platform generates buy and sell signals using a combination of technical analysis tools. It integrates Simple Moving Average (SMA), Exponential Moving Average (EMA), and the Average True Range (ATR) index to identify trading opportunities. Additionally, it can utilize Heikin Ashi candles to en
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RSI Bar
Romer Javier Franco Lozada
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RSI Power Bars – Clear and Precise Momentum Visualization Description: This indicator upgrades the classic RSI into a much more visual and powerful tool. Instead of a flat line, it displays colored bars that instantly show the direction and strength of price movement. Red = bullish momentum Green = weakness or pullback No more guessing trend shifts or calculating momentum mentally — you see it instantly . Key Benefits: Instantly spot trend reversals Visualize market momentum with bars
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