Spearman Rank Correlation More Options CTAA

Spearman Rank Correlation indicator featuring enhanced entry and reverse signals

Any overbought or oversold zone can be adjusted using Cross Buy or Cross Sell levels (Option 1 = true; Cross Buy and Cross Sell are set by user, if Option 1 = false, it means that this option of generating signals is not applicable).

The signals can be generated by crossing over the 0 level, this is Option 2. Please note that there are no reverse levels attached to this option. This option is set up as supplementary just in case. It may be useful for some reasons.

Vertical lines (Red – Sell, Green – Buy) located in the indicator zone reflect exact point of crossing over the main curvy line (the Spearman correlation). These points are entry points on the chart.

All signals generated by the indicator do not redraw.

Every signal has its Stop level (or Reversal point). Reversal points in this indicator indicate the resistance and support levels.

All levels (Reversals) can be adjusted according to a trader’s requirements using the ReversPip parameter. In it one can specify the number of pips up or down from the designated level for setting pending orders.

The sensitivity of Reverse levels can be adjusted using the ExtrRange parameter. It can have a value from 1 and higher. The recommended range of values is 5 to 30.

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BTMM State Engine Pro is a MetaTrader 5 indicator for traders who use the Beat The Market Maker approach: Asian session context, kill zone timing, level progression, peak formation detection, and a multi-pair scanner from a single chart. It combines cycle state logic with a built-in scanner dashboard so you do not need the same tool on many charts at once. What it does Draws the Asian session range; session times can follow broker server offset or be set in inputs. Tracks level progression (L
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Edgar Duttweiler
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Edgar Duttweiler 2018.08.13 21:25 
 

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