Hi,

Read the article of Jose & threads on "Correlation" .My confusion := An Indicator which gives a simple +1 or -1 ,when used as 'independent data array' in the correl func. with C & period 10 shift 2 ,gives a curve.As +1 & -1 are either True or False hence it's correlation with price should have been extreme but here the Satistical testing on past findings with Correl func. gives an oscillation .So what does this implies. Interestingly when i used simple RSI of different time frame as correlation with C in exploration cols it is found that Higher the time frame better the correlation of value above .8 to .95 but in Weekly exploration lower the time frame better the correlation.The main reason for writing to the foruum ,i found when the price is falling & indicator also southward the correlation is beautifully going north but when the price is rising & indicator rising but this correlation is falling like a stone & value reduced to .2 from .9 (which means as per jose's article their is no significant past satistical finding to support that the indicator is good in initiating a Long trade) but i find the price is rising as also the indicator.Where is my understanding wrong ?

Asish