Noise Elimination Technology by John F. Ehlers
Reduce indicator noise and clarify the direction of your indicators using Kendall rank correlation, which measures the strength of dependence between two sets of variables. Heres how you can use it.
The purpose of technical indicators is to provide an insight into the inefficiencies in the market to make better-informed trading decisions. The problem with most indicators is they use only a short amount of data and are, therefore, noisy themselves ...