Forex Correlation MA MTF Indicator
This Old Kings indicator for MetaTrader 4 is called Forex Correlation MA MTF Indicator. Judging by its name, it is built around moving averages and several timeframes at once. In the code it works with moving averages. It can read another timeframe. It has 7 settings, for example Time Frame (default 0), Currency and Corr Bars (default 50). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 2 indicator files with source code (.mq4) you can open and edit in MetaEditor. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Indicator · MT4 · v1.0 · Free
About Forex Correlation MA MTF Indicator
Forex Correlation MA MTF Indicator is an indicator for MetaTrader 4 based on Moving Average. It can show data from another timeframe (MTF). It has 7 settings, such as Time frame, Currency and Corr bars. MQL source code included.
Files in the download: #MTF_MovingAverage Correlation (950 build).ex4, #MTF_MovingAverage Correlation (950 build).mq4, installation manual.txt.
Settings
| Setting | Default | What it does |
|---|---|---|
| Time frame | 0 | Period or timeframe used by the calculation |
| Currency | You must use ALL CAPS for your currency | |
| Corr bars | 50 | |
| Ma period | 13 | Period or timeframe used by the calculation |
| Ma shift | 0 | Bar shift (0 = current bar) |
| Ma method | MODE_SMA | |
| Applied price | PRICE_CLOSE |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Indicators.
- Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
- Open the .mq4 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the indicator from the Navigator onto a chart and adjust the settings.
Tags: Moving Average · Multi-Timeframe (MTF) · MT4 Indicator · MQL4 Source Code