2MA Divergence Trader Ron MT4 V04
From the Old Kings archive: 2MA Divergence Trader Ron MT4 V04, an indicator for MetaTrader 4. Judging by its name, it is built around divergence between price and an oscillator. The file name marks it as version 04. In the code it works with moving averages. It has 13 settings, for example DVLimit (default 0.0007), Show MAs (default false) and Fast Time Frame (default 0). 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 · v04 · Free
About 2MA Divergence Trader Ron MT4 V04
2MA Divergence Trader Ron MT4 V04 is an indicator for MetaTrader 4 based on Moving Average. It has 13 settings, such as Dv limit, Show m as and Fast time frame. MQL source code included.
Files in the download: [i]2MA_DivergenceTrader_Ron_MT4_v04.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Dv limit | 0.0007 | |
| Show m as | false | |
| Fast time frame | 0 | Period or timeframe used by the calculation |
| Fast period | 23 | Period or timeframe used by the calculation |
| Fast price | PRICE_OPEN | |
| Fast mode | MODE_SMA | |
| Fast shift | 0 | Bar shift (0 = current bar) |
| Slow time frame | 0 | Period or timeframe used by the calculation |
| Slow period | 84 | Period or timeframe used by the calculation |
| Slow price | PRICE_OPEN | |
| Slow mode | MODE_SMA | |
| Slow shift | 0 | Bar shift (0 = current bar) |
| Bar count | 1500 |
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: Divergence · Moving Average · MT4 Indicator · MQL4 Source Code