I will be releasing my autocorrelation oscillator indicator. This is a video that goes over its functionality, its theoretical underpinnings and its pragmatic use.
A brief synopsis is it operates on the idea of market randomness and efficiency. In an efficient market, it should be random. However, frequently anomalies happen where price becomes too "trendy" with a high degree of autocorrelation. In an efficient market, this should correct by instigating a trend reversal.
This indicator is meant to measure for these inefficiency anomalies and signal you to potential reversals based on them.
If you would like a more theoretical explanation of the math involved in auto-correlation, I encourage you to check out my video explaining my Autoregressive Cloud indicator. I will link this below.
Thank you for checking this out! Have a great weekend everyone and take care!