MadnessMA Indicator

Name: MadnessMA
Download: madnessMA.mq4 (6.3 Kb)

Description:

This indicator calculates correlation between MAs of different periods.

Lines:

• Black/Red dots - Shows Open/Close signals (Above chart = BUY, below = SELL)
• Silver Line - Trend corelation (100 = All MAs are UP trend, -100 = All MAs are DOWN trend)
• Blue Line - Sort Degree (100 = All MAs are ASCENDING, -100 = All MAs are DESCENDING)
• Blue Dashed Line - Rough Sort Degree between MAcheck, Higher MAs and Lower MAs (100 = All Higher MAs are above MAcheck and all Lower MAs are below MAcheck, -100 = Higher MAs < MAcheck < Lower MAs; Higher and Lower MAs don't have to be sorted)

Source: Mql4.com