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Time correlation indicator

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Time correlation indicator

Postby Alexander.Gettinger » Mon Jan 17, 2011 12:44 am

This indicator calculate what changed price in past and displays it.
For example, if main timeframe is H1 and timeframe in indicator is D1 indicator calculate what changed price at hour of each day. Positive value (close-open) is taken for +1, negative for -1. Results are drawn for [PeriodsBack] periods back and [PeriodsForward] periods forward.
Values smaller [Level] draws with neutral color.

Indicator use chart data only, not whole history.


(5.72 KiB) Downloaded 312 times

In indicator "TimeCorrelation2" (close-open) not changed +1 or -1. Used source bar size.

(5.78 KiB) Downloaded 280 times

I work on strategy on this indicator.
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Re: Time correlation indicator

Postby craige » Mon Jan 17, 2011 1:46 am

HELLO My Friend

I really don't konw how to use it, don't know how and what the bar represent?

could you explain in details whether this indicator can show us the signal for buy or sell?

thank you
Posts: 51
Joined: Thu Dec 23, 2010 9:54 pm

Re: Time correlation indicator

Postby CRAZYMOON » Tue Jan 25, 2011 2:21 am

I am new to the site but i believe this is a great resource. My question us that when i run strategies using backtest I simply cant get a performance report. Like the sar strategy it does not have any trading parameters as with most other strategies. Am i doing something wrong or there is a way to put in trading parameters to get a performance report. I am using marketscope.

Thank you for your reply.
Posts: 1
Joined: Mon Jan 24, 2011 1:18 pm

Re: Time correlation indicator

Postby sunshine » Tue Jan 25, 2011 7:58 am

It seems that you use the SAR signal which cannot place orders. It just generates signals when the SAR indicator changes its direction.
Please do not hesitate to place a request for adding trading functions to this signal for fxcodebase developers:
It's free but it may take some time.

Re: Time correlation indicator

Postby Apprentice » Fri Feb 17, 2017 10:09 am

Indicator was revised and updated.
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