Smoothed Bar to Bar Correlation – indicator for MetaTrader 4
The Smoothed Correlation Indicator provides an indication of price trending and ranging through a bar to bar correlation coefficient. A
indicator value approaching one is an indication of up or down trending. An indicator value approaching 0 is an indication of price
ranging. A negative indicator value suggests whipsawing price action.
The correlation period is set by the CorrPer input and the smoothing period is set by the SmthPeriod