Altr Trend Signal V2 2
From the Old Kings archive: Altr Trend Signal V2 2, an indicator for MetaTrader 4. As the name suggests, the idea behind it is following the trend and buy / sell signals on the chart. The file name marks it as version 2.2. In the code it works with ADX. It draws arrows on the chart. It has 5 settings, for example K (default 30), Kstop (default 0.5) and Kperiod (default 150). 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 · v2 · Free
About Altr Trend Signal V2 2
Altr Trend Signal V2 2 is an indicator for MetaTrader 4 based on ADX. It draws buy and sell arrows on the chart. It has 5 settings, such as K, Kstop and Kperiod. MQL source code included.
Files in the download: AltrTrend_Signal_v2_2.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| K | 30 | |
| Kstop | 0.5 | |
| Kperiod | 150 | Period or timeframe used by the calculation |
| Per adx | 14 | |
| Count bars | 999999 |
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 · Trend · ADX · MT4 Indicator · MQL4 Source Code