Selective Kendall rank correlation

Selective Kendall's rank correlation coefficient. The indicator shows the statistical relationship (correlation) for a user-defined financial instruments (tickers).

Description of the parameters:

• Time frame - timeframe in which the analysis (can take the following values: Current, 1 Minute, 2 Minutes, 3 Minutes, 4 Minutes, 5 Minutes, 6 Minutes, M10 Minutes, M12 Minutes, M15 Minutes, M20 Minutes, M30 Minutes, 1 Hour, 2 Hours, 3 Hours, 4 Hours, 6 Hours, 8 Hours, 12 Hours, 1 Day, 1 Week, 1 Month) .;


• Prices - price type that is used in the analysis (can be one of the values: Close price, Open price, High price, Low price);


• Limit analysis - depth analyzed stories (in bars);


• Length analysis - analyzed interval length;


• Pair 01, 01 Ticker - Ticker pair 1 1, for example EURUSD; *


• Pair 01, 02 Ticker - Ticker 2 pairs 1, for example GBPUSD; *


• Pair 02, 01 Ticker - Ticker 1 pair 2, for example, EURUSD; *


• Pair 02, 02 Ticker - Ticker 2 pairs of 2, for example, USDCHF; *


• Pair 03, 01 Ticker - Ticker 1 pair 3, for example, EURUSD; *


• Pair 03, 02 Ticker - Ticker 3 2 pairs, e.g., USDJPY; *


• Pair 04, 01 Ticker - Ticker 1 pair 4, for example, EURUSD; *


• Pair 04, 02 Ticker - Ticker 2 pairs of 4, for example, AUDUSD; *


• Pair 05, 01 Ticker - Ticker 1 pair 5, for example, EURUSD; *


• Pair 05, 02 Ticker - Ticker 5 2 pairs, e.g., USDCAD *;


• Pair 06, 01 Ticker - Ticker pair 1 6, for example, EURUSD; *


• Pair 06, 02 Ticker - Ticker 6 2 pairs, e.g., EURJPY; *


• Pair 07, 01 Ticker - Ticker 1 pair 7, for example, EURUSD; *


• Pair 07, 02 Ticker - Ticker 7 2 pairs, e.g., GBPJPY; *


• Pair 08, 01 Ticker - Ticker 1 pair 8, for example, EURUSD; *


• Pair 08, 02 Ticker - Ticker 8 2 pairs, e.g., EURGBP; *
  * As a ticker can be any financial instrument out of the window "Market Watch". If you need not analyze a certain couple, you need to "Value" field to fill in one of the following values: "NONE", "None", "none".


• Color of a line Pair 1 - line color correlation coefficient pairs 1, e.g., clrMaroon;


• Color of a line Pair 2 - line color correlation coefficient pairs 2, for example, clrIndigo;


• Color of a line Pair 3 - line color correlation coefficient pair 3, e.g., clrFireBrick;


• Color of a line Pair 4 - line color correlation coefficient pairs 4, for example, clrLime;


• Color of a line Pair 5 - line color correlation coefficient pairs 5, for example, clrDarkOrange;


• Color of a line Pair 6 - line color correlation coefficient pairs 6, for example, clrGold;


• Color of a line Pair 7 - Color line pair 7, the correlation coefficient, e.g., clrDeepPink;


• Color of a line Pair 8 - line color correlation coefficient pair 8, for example, clrAqua;


• Color Rect1 - color of the rectangle with the names of analyzed pairs;


• Color rect2 - color of the rectangle in which the current state is displayed;


• Color State - the color of the text that displays the current status;


• Line width - displayed line width;


• Line style - style display lines. It can be one of the following values: Solid - solid line, Dash - dotted line, Dot - dashed line, Dashdot - dot-dash line, Dashdotdot - bar - two points.