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Rank Correlation Index (RCI)

MomentumOwn panel below

How well the order of dates matches the order of prices, from −100 to +100.

What it looks like

Drawn by running the real calculation over one sample series. Open a symbol and it is recalculated on that symbol's bars.

How to read it

Rising in strict date order gives +100, falling in order gives −100. It measures the consistency of the ordering, not the size of the move.

Where it misleads

It ignores magnitude entirely — creeping up by a hair still reads +100.

Default settings

Length9

You can change these on the chart. These are the values it starts with.

In SQMATE

One tap to add

Open a symbol, tap the name in the indicator list and it is drawn straight away. You can stack several copies of the same indicator with different settings.

Recalculated per timeframe

Switch between minute, hourly, daily, weekly or monthly bars and it is recalculated on that timeframe. The maths runs over every bar loaded, so zooming never moves the line.

Use it as a search condition

Some indicators can also be used as an axis when searching for symbols — for example, keeping only symbols above a given reading, scanned every night.

Related indicators

Every indicator is an observation computed from past bars. It does not tell you future prices and it is not investment advice.

Rank Correlation Index (RCI) — what it means and how to read it | SQMATE