Correlation Flow

Correlation

An indicator designed to filter overall market direction using a Correlation + Majority Vote system.
Built primarily for NQ / ES trading, but fully adaptable to stock groups, indices, or custom asset baskets.

🔹 Core Concept

The indicator analyzes trend direction across multiple symbols simultaneously (up to 7).
It then determines which side the overall market bias supports using a Majority Rule approach.

This makes it ideal as a Market Regime Filter / Confirmation Layer before executing actual trades.

✅ Key Features
1) Ready-to-Use Presets (No manual symbol input required)

NQ / ES (Risk-On)
Uses NDX, SPX, DJI plus risk-off controls such as DXY, US10Y, and VIX (inverted)

MAG7 (NASDAQ)
Tracks the 7 major tech stocks (AMZN, AAPL, MSFT, NVDA, etc.)

Custom (Manual)
Select your own symbols for each slot using the Symbol Picker

2) Correlation with up to 7 Symbols

• Enable / disable each symbol individually
• Apply Invert for inversely correlated assets (e.g. DXY, Bonds, VIX)
• Uses Supertrend (ATR-based) to convert each symbol into a clear Up / Down direction

3) Flexible Majority Rule Logic

• Default mode: More than 50% majority
• Advanced mode: Set a custom threshold (%) such as 60–70% to reduce noise and produce more stable signals

4) Direct Chart Visualization

• Candles are colored based on the correlation result
• If the vote is unclear → candles remain neutral (no color)
• Color logic is designed as a filter, not a direct entry/exit signal

🎯 Who This Indicator Is For

• NQ / ES traders who want to know whether the broader market supports or suppresses price action
• Traders who don’t want to monitor multiple charts (SPX, DXY, Bonds, VIX) separately
• Those looking to add a confirmation layer before trading systems such as VWAP, POC, or Orderflow

⚙️ Recommended Usage (NQ / ES)

Select Preset = NQ / ES (Risk-On)

Start with Threshold > 50%

On volatile or choppy days, increase threshold to 60–70%

Use the result as a “green light / red light” before executing trades

⚠️ Disclaimer

This indicator is a market analysis and directional filtering tool.
It is not a guaranteed trading system and should always be used together with proper risk management and a complete trading plan.

How to display the indicator above the chart

After applying the indicator, open the Object Tree panel.
Locate the indicator in the list, then drag it above the price chart or adjust its layer order so the indicator is displayed on top of the chart.