A system, method and graphical user interface (GUI) for creating a new correlation search based on a set of displayed graph lanes. The graph lanes may provide graphical visualizations of key performance indicators (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. A user may adjust (e.g., add graph lanes, zooming-in) the graph lanes in order to display the situation, at which point the user may submit a request to create a new correlation search 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.