Absolute Strength Market 2
From the Old Kings archive: Absolute Strength Market 2, an indicator for MetaTrader 4. Its name points to currency strength across pairs. It draws arrows on the chart and can read another timeframe. It has 8 settings, for example Time Frame (default PERIOD_CURRENT), Use RSI (default true) and Length (default 10). Load it on a demo chart and check whether its signals repaint before trusting them. 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 · v1.0 · Free
About Absolute Strength Market 2
Absolute Strength Market 2 is an indicator for MetaTrader 4. It draws buy and sell arrows on the chart and can show data from another timeframe (MTF). It has 8 settings, such as Time frame, Use rsi and Length. MQL source code included.
Files in the download: AbsoluteStrength Market (1).mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Time frame | PERIOD_CURRENT | Time frame |
| Use rsi | true | Use rsi = true or stochastic = false |
| Length | 10 | Length |
| Signal | 5 | Signal period |
| Smooth | 5 | Smooth period |
| Ma method | ma_sma | Moving average type |
| Price | pr_close | Price |
| Ind value | 1 | Arrow location |
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) · MT4 Indicator · MQL4 Source Code