A system, method and graphical user interface (GUI) for creating a new correlation search based on fluctuations in key performance indicators (KPIs) displayed in a set of graph lanes. The graph lanes may provide graphical visualizations of the KPIs associated with one or more services and may assist a user in identifying a situation (e.g., problem or a pattern of interest) in the performance of the services. The graph lanes can be adjusted (e.g., add graph lanes, zooming-in) in order to display the situation, at which point a new correlation search may be generated to detect if the situation reoccurs. The system may generate the new correlation search by iterating through the set of graph lanes and analyzing the fluctuations of each KPI to determine triggering criteria. The system may then run the correlation search and generate a notable event or alarm when the situation reoccurs.