Correlation market state – indicator MetaTrader 5

General description :

In his June 2020 TASC article “Correlation as a cycle indicator” John Ehlers describes one possible way to determine trend in the markets
His article describes 3 possible ways of determining the trend and here we shall post all the 3 possible ways 

This version :

  • this version is showing the “market state” part of the correlation calculation
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    Alternative:   XMA_Range_Channel_HTF - indicator MetaTrader 5