madnessMA – indicator MetaTrader 4

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)

Parameters (self explainable) :

//---- input parameters
extern string ________________01="List of MAs, eg form fiobo: 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377, 610, 987, 1597";
extern string listMA="1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233";
extern string ________________02="MA to check SORT DEGREE";
extern int MAcheck=8;

extern string ________________10="MA sort type";
extern int MAmethod = 1;               // iMA moving average method:    
                                       //          0    Simple moving average,
                                       //          1    Exponential moving average,
                                       //          2    Smoothed moving average,
                                       //          3    Linear weighted moving average.

Image: