Definition
Rolling Pearson correlation (-1 to 1) of two indicators' period-over-period returns over N paired observations. Flat or degenerate windows read no-signal instead of a fabricated number.
Parameters
Two indicators, Lookback observations (60)
Example condition
`Correlation(Price(AAPL), Price(QQQ), 60) < 0.3` (AAPL decoupling from QQQ)Usage notes
Correlates returns, not price levels — two co-trending assets do not read 1.0 just for both going up.
Use in a strategy
Add this indicator to a strategy condition, choose its supported parameters and compare the output with the threshold required by your rule. Preserve the same interval and lookback when comparing backtests.
After saving the condition, inspect its asset, interval, lookback and comparison operator against the parameters above. If no trades occur, check whether the condition ever became true and whether the requested input data exists for that period. A missing input is not a zero-valued signal. An indicator produces an input to a rule. It does not establish future returns, and data availability can differ across assets and periods.