The indicator is intended for searching the correlations between different symbols. It allows you to overlay one chart with another to visually detect how different symbols correlate with each other. It also allows you to superimpose moving averages.
The scaling occurs in the way the maximums and minimums at the region of N-bars (bars_for_autoscale variable) coincide with each other.
The indicator can be used for hedging and spread trade strategies on correlating pairs.
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/8254
The indicator of MA-channel allows to analyse the dynamics of the price by using the technique of A_Vlad, the gist of it is the line of balance LB acts as the attraction of price when there is no external influence.MA Channels
It displays Fibo levels of the price channel created on the moving avrage.