RCI (Function)

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The RCI series function calculates the Spearman's Rank Correlation Coefficient based on the ranking of Price over Length bars and multiplies it by 100

Syntax

RCI(Price, Length)

Returns (Double)

A numeric value of the RCI (Rank Correlation Coefficient) for the current bar.

Parameters

Name	Type	Description
Price	Numeric	Specifies which bar value (price, function, or formula) to be considered.
Length	Numeric	Sets the number of bars to consider for the function.

Remarks

The value for the Length input parameter should be a number greater than 0.

Reference

Dan Valcu, CFTe, "The Spearman Indicator For Technical Analysis", Technical Analysis of Stocks and Commodities Magazine, Volume 29, Number 2, February, 2011 (34-41)