SPEARMAN RANK TREND OSCILLATOR Trading Guide

The Spearman Rank Trend Oscillator is a quantitative technical analysis tool. Spearman Rank Trend Oscillator Measures how cleanly recent prices are ordered from left to right using Spearman rank correlation. +100 means the window is almost perfectly rising,

What does the indicator show?

• Market Structure & Momentum: Visualizes prevailing trend directions and key reversal zones.
• BUY / SELL Signals: Highlights confirmed entry and exit opportunities based on quantitative rules.
• Dynamic Boundaries: Provides adaptive levels for managing trade risk and reward expectations.

Key Settings

• Fast Rank Length (fastLength): Controls the calculation period and sensitivity for market detection.
• Bias Rank Length (biasLength): Controls the calculation period and sensitivity for market detection.
• Signal EMA Length (signalLength): Controls the calculation period and sensitivity for market detection.
• Trend Threshold (trendThreshold): Controls the calculation period and sensitivity for market detection.
• Pullback Rejoin Level (rejoinLevel): Controls the calculation period and sensitivity for market detection.
• Source (source): Controls the calculation period and sensitivity for market detection.
• Rank Trend (rank): Controls the calculation period and sensitivity for market detection.
• Signal EMA (signal): Controls the calculation period and sensitivity for market detection.
• Rank Bias (bias): Controls the calculation period and sensitivity for market detection.
• Bias EMA 10 (biasEma): Controls the calculation period and sensitivity for market detection.
• Rank - Signal (histogram): Controls the calculation period and sensitivity for market detection.
• Rank Trend Line (rank): Controls the calculation period and sensitivity for market detection.
• Signal EMA (signal): Controls the calculation period and sensitivity for market detection.
• Bias EMA Line (biasEma): Controls the calculation period and sensitivity for market detection.
• Bullish Values (bull): Controls the calculation period and sensitivity for market detection.
• Bearish Values (bear): Controls the calculation period and sensitivity for market detection.
• Bullish Bias Histogram (bullHist): Controls the calculation period and sensitivity for market detection.
• Bearish Bias Histogram (bearHist): Controls the calculation period and sensitivity for market detection.
• Bullish Trend Zone (bullSoft): Controls the calculation period and sensitivity for market detection.
• Bearish Trend Zone (bearSoft): Controls the calculation period and sensitivity for market detection.
• Level Lines (level): Controls the calculation period and sensitivity for market detection.
• Long Markers (markerBull): Controls the calculation period and sensitivity for market detection.
• Short Markers (markerBear): Controls the calculation period and sensitivity for market detection.
• Weakening Markers (warn): Controls the calculation period and sensitivity for market detection.
• Rank Long Signal (longSignal): Controls the calculation period and sensitivity for market detection.
• Rank Short Signal (shortSignal): Controls the calculation period and sensitivity for market detection.
• Bull Rank Trend Start (bullTrendStart): Controls the calculation period and sensitivity for market detection.
• Bear Rank Trend Start (bearTrendStart): Controls the calculation period and sensitivity for market detection.
• Bull Pullback Rejoin (bullPullback): Controls the calculation period and sensitivity for market detection.
• Bear Pullback Rejoin (bearPullback): Controls the calculation period and sensitivity for market detection.
• Bull Trend Weakening (bullWeakening): Controls the calculation period and sensitivity for market detection.
• Bear Trend Weakening (bearWeakening): Controls the calculation period and sensitivity for market detection.
• Rank Trend (rank): Controls the calculation period and sensitivity for market detection.
• Rank Bias (bias): Controls the calculation period and sensitivity for market detection.
• Bias EMA 10 (biasEma): Controls the calculation period and sensitivity for market detection.
• Signal EMA (signal): Controls the calculation period and sensitivity for market detection.
• Rank - Signal (histogram): Controls the calculation period and sensitivity for market detection.

How to use Strategy Parameters (Condition Source)

Within the Strategy Tester module, this indicator can be used both as a direct signal source and as a market-state filter.

1. Signal Events

• longSignal - Rank Long Signal event signal.
• shortSignal - Rank Short Signal event signal.
• bullTrendStart - Bull Rank Trend Start event signal.
• bearTrendStart - Bear Rank Trend Start event signal.
• bullPullback - Bull Pullback Rejoin event signal.
• bearPullback - Bear Pullback Rejoin event signal.
• bullWeakening - Bull Trend Weakening event signal.
• bearWeakening - Bear Trend Weakening event signal.

2. Filters and Trade Levels

• fastLength - Fast Rank Length value used for structural qualification or thresholds.
• biasLength - Bias Rank Length value used for structural qualification or thresholds.
• signalLength - Signal EMA Length value used for structural qualification or thresholds.
• trendThreshold - Trend Threshold value used for structural qualification or thresholds.
• rejoinLevel - Pullback Rejoin Level value used for structural qualification or thresholds.
• source - Source value used for structural qualification or thresholds.
• rank - Rank Trend value used for structural qualification or thresholds.
• signal - Signal EMA value used for structural qualification or thresholds.
• bias - Rank Bias value used for structural qualification or thresholds.
• biasEma - Bias EMA 10 value used for structural qualification or thresholds.
• histogram - Rank - Signal value used for structural qualification or thresholds.
• rank - Rank Trend value used for structural qualification or thresholds.
• bias - Rank Bias value used for structural qualification or thresholds.
• biasEma - Bias EMA 10 value used for structural qualification or thresholds.
• signal - Signal EMA value used for structural qualification or thresholds.
• histogram - Rank - Signal value used for structural qualification or thresholds.

Strategy Example: Enter Long when buySignal is true and trendFilter == 1, ensuring trades align with dominant momentum.