hey Bruce 

hope u had good weekend 

I was trying to locate spearman indicator on forum chat but could not find anything useful 

you had worked on this in past  and i didn't find in indicator library on V16 can u please help to make a new one this was your link as below in stock finder is

http://traders.com/Documentation/FEEDbk_docs/2011/02/TradersTips.html#TT5

please help  in creating spearman indicator which i can use in form of Oscillator like stochastic 

I need oscillating line between  settings as +100 and -100  which i can use for Heikan Ashi candles open vs close  for identifying reversal in HA candles here is the equation

Spearman’s Correlation Spearman’s ρ (rho) is a non-parametric measure of correlation between two ranked variables. It is similar to Pearson’s Product Moment Correlation Coefficient, or Pearson’s r. It indicates magnitude and direction of the association between two variables that are on interval or ratio scale. Like Pearson’s r a negative correlation indicates that when X is increasing then Y is decreasing. With Spearman’s ρ when there are no ties in the ranking then the correlation is defined in Equation ρ = 1 − 6 · E'd2 / n · (n2 − 1) (1) Where: n = number of rank pairs d = difference between paired ranks

E in formula above is SUM could not get symbol copy paste :)

Thanks a lot

Dhiren

I do not know of a practical automated method of creating the Spearman Indicator for TC2000 (and I created the version which is available in StockFinder 5).

Bruce here is the details from Think or Swim for Spearman Indicator ... do u think this can help to make indicator for TC2000

thanks 

Dhiren 

here is the link 

http://tradersonline-mag.com/01_ezine/01_traders/en/2011/04/index.html

page 72

http://tradersonline-mag.com/01_ezine/01_traders/en/2011/05/index.html#/57/zoomed

page 57 on part 2

I really hope this can be done Bruce 

Thanks a lot 

No, I can't make in TC2000. I've already tried.

I understand the details of how the Spearman indicator is constructed. I was already able to use that knowledge to successfully construct the indicator in StockFinder.

The difference is that for you to construct the indicator in TC2000, we would need to use the Personal Criteria Formula Language to make the indicator using Custom PCF Indicators.

The PCF Language is not a full programming language like the RealCode used in SF. It is designed to write a single formula in a single logical line and does not have user assigned variable or looping and its if...then structures need to be teased out how the Boolean data type is converted to the single floating point data type within the program.

Hi Bruce 

hope you doing good,  just wondering is V17 now capable to make this Spearman Indicator as discussed in past , if so could you please help to create for 9 period

And in the new Beta version did the developers got chance to add toggle CTRL B " for heikanashi bars ?

Regards

Dhiren

Unfortunately TC2000 v17 did not add the features to the Personal Criteria Formula Language which would be necessary to allow us to reasonably calculate the Spearman Indicator. 

The ctrl-b toggle still toggles between four types of price charts which do not include Heiken-Ashi (Line, HLC Bar, OHLC Bar, and CandleStick).