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.
Important!
Indicator use chart data only, not whole history.
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In indicator "TimeCorrelation2" (close-open) not changed +1 or -1. Used source bar size.
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I work on strategy on this indicator.
The indicator was revised and updated