Madness MA Indicator: Correlation and Trend Analysis
Info
The Madness MA Indicator: Correlation and Trend Analysis is a Indicator for MetaTrader 4 that this indicator calculates the correlation between moving averages (mas) of different periods. Indicator Lines:- Black/Red Dots: Display buy (above chart) or sell (below chart) signals.
Usage
This tool is typically used for trend following strategies across multiple currency pairs.
Platform
This Indicator works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Indicators folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use Madness MA Indicator: Correlation and Trend Analysis
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
This indicator calculates the correlation between Moving Averages (MAs) of different periods.
Typical Use Case
This Indicator excels in trend following on MetaTrader 4.
Compatible Platform & Setup
This Indicator works on MetaTrader 4. Place the file in the MQL4/Indicators folder and restart the terminal.
Description & Settings
Related: External Range Liquidity (ERL) Indicator: Advanced Market Structure and Liquidity Analysis - another powerful indicator for MetaTrader 4 traders.
This indicator calculates the correlation between Moving Averages (MAs) of different periods.Also recommended: rsar korsar indicator: a comprehensive guide - similar indicator with strong performance on MetaTrader 4.
Indicator Lines:
- Black/Red Dots: Display buy (above chart) or sell (below chart) signals.
- Silver Line: Represents trend correlation. A value of 100 indicates all MAs are in an uptrend, while -100 signifies all MAs are in a downtrend.
- Blue Line: Shows the degree of sorting. A value of 100 means all MAs are ascending, and -100 means all MAs are descending.
- Blue Dashed Line: Indicates the rough sorting degree between the main MA check, higher MAs, and lower MAs. A value of 100 suggests all higher MAs are above the main MA check and all lower MAs are below it. A value of -100 implies higher MAs are less than the main MA check, which is less than lower MAs. The higher and lower MAs do not necessarily have to be sorted among themselves.
Parameters are self-explanatory.
Example Image: (Image reference would typically be here or a link)
This tool provides insights into MA synchronization and trend direction, aiding traders in their decision-making process. Developed for release in 2026.
You may also like: pair trading indicator: i k pair-tr - excellent alternative for indicator users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property indicator_separate_window
#property indicator_buffers 5
#property indicator_color1 black
#property indicator_color2 red
#property indicator_color3 silver
#property indicator_color4 blue
#property indicator_style4 style_dash
#property indicator_color5 blue.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.