00 A1 Div V100
00 A1 Div V100 is an indicator for MetaTrader 4 from the Old Kings collection. Judging by its name, it is built around divergence between price and an oscillator. This copy is version 100. Its source code uses ATR. It draws arrows on the chart and can read another timeframe. It has 11 settings, for example time Frame (default 0), n Check Bars (default 120) and a1 BP (default 13). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 1 indicator file 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 · v100 · Free
About 00 A1 Div V100
00 A1 Div V100 is an indicator for MetaTrader 4 based on ATR. It draws buy and sell arrows on the chart and can show data from another timeframe (MTF). It has 11 settings, such as Time frame, N check bars and A1 bp. MQL source code included.
Files in the download: 00-A1Div_v100.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Time frame | 0 | time frame |
| N check bars | 120 | number of bars to check divergence |
| A1 bp | 13 | |
| A1 smi sp | 21 | Smoothing Periods |
| A1 smi dsp | 2 | Double Smoothing Periods |
| A1 smi sig p | 5 | Signal Periods |
| A1 trend color | true | Colour on the chart |
| A1 type | 0 | 0-1 |
| Div osc err | 4.0 | allowable error along divergence line (oscilator) |
| Div price err | 0.4 | allowable error along divergence line (PPS), iATR(nCheckBars)*err |
| N max bars | 2000 | maximum number of bars to calculate, 0: no limit |
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: Buy/Sell Arrows · Multi-Timeframe (MTF) · ATR · MT4 Indicator · MQL4 Source Code