Inspired by Spudfyre's Stochastic Threads from 2007.
I make RCI Threads.
RCI = Rank Correlation Index
The Rank Correlation Index (RCI) is based on an analysis algorithm by Spearman.
RCI is also known as Spearman Rank Correlation.
It uses a combination of price change data and time change data to identify
potential changes in market sentiment, thereby exposing turning points.
Zero crossings are seen as buy and sell signals, with tops and bottoms yielding overbought and oversold information.