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Stocks & Commodities V. 38:05 (2427): Correlation As A Trend Indicator by John F. Ehlers
Stocks & Commodities V. 38:05 (2427): Correlation As A Trend Indicator by John F. Ehlers
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Correlation As A Trend Indicator by John F. Ehlers
Here, we introduce a new indicator: the correlation trend indicator. It could help you to identify the onset of a trend. It could also help you to detect the failure of a trend thereby giving you an indication that a cyclic mode may be beginning.
While the concept is straightforward, I have not seen a description of using correlation directly as an indicator. How would this work? Imagine correlating prices with a straight line having a positive slope. If the price trend is up, the correlation is nearly +1 ...
Here, we introduce a new indicator: the correlation trend indicator. It could help you to identify the onset of a trend. It could also help you to detect the failure of a trend thereby giving you an indication that a cyclic mode may be beginning.
While the concept is straightforward, I have not seen a description of using correlation directly as an indicator. How would this work? Imagine correlating prices with a straight line having a positive slope. If the price trend is up, the correlation is nearly +1 ...
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