Correlation and Momentum by BULL┃NET

The B | N - COMO (Correlation and Momentum by BULL|NET) indicator provides traders with information related to momentum of the financial markets.

█ ⚠️ DISCLAIMER – READ BEFORE YOU USE ⚠️

CONCEPS

● SMI (Stochastic Momentum Index): The SMI is an advanced indicator for measuring market movement and current market strength. It combines the principles of stochastic analysis with momentum measurement and helps identify overbought and oversold market conditions. a. %K and %D: These lines represent the momentum and strength of a trend. %K is a fast line, while %D is its smoothed version, often used as a signal for trading decisions. b. EMA: The Exponential Moving Average (EMA) provides a smoother representation of price movements and helps confirm the direction and strength of the market.

● RSI (Relative Strength Index): The RSI measures the strength and speed of price movements to identify overbought or oversold conditions. This indicator is useful for spotting potential market reversal points. a. Length: The number of periods over which the RSI is calculated (typically 14 periods). b. Source: The data point used (closing price, opening price, etc.) as the basis for RSI calculation.

● Correlation: The correlation component of the indicator helps measure the relationship between two assets. A strong positive correlation indicates that both instruments tend to move in the same direction, while a negative correlation suggests opposite movements.
Customizable Correlation with Different VIX Values: Users can adjust and choose the correlation with different VIX values, offering more flexibility in analyzing market volatility and price movements.

There are three available options:

● Display the Slope: This option allows you to measure the slope, which can indicate the rate of change in the market's momentum.

● Show the correlation between the asset loaded in the chart and the asset defined in the settings, with adjustable VIX values.

Color Options:
Select your desired color to display this parameter.

Trend Options:
Choose whether the trend should be displayed on the chart. Select your desired color to display this parameter.

Display Options:
Set how and where the value output should be displayed.

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Disclaimer BullNet: The information provided in this document is for educational and informational purposes only and does not constitute financial, investment, or trading advice. Any use of the content is at your own risk. No liability is assumed for any losses or damages resulting from reliance on this information. Trading financial instruments involves significant risks, including the potential loss of all invested capital. There is no guarantee of profits or specific outcomes. Please conduct your own research and consult a professional financial advisor if needed.

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Version 1.0 11.03.2025