Arrows
This Old Kings indicator for MetaTrader 4 is called Arrows. Its name points to buy / sell signals on the chart. In the code it works with RSI, moving averages and CCI. It draws arrows on the chart, can send alerts and can read another timeframe. It has 40 settings, for example Fast MAPeriod (default 24), Slow MAPeriod (default 72) and Signal MAPeriod (default 36). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 354 indicator files 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 Arrows
Arrows is an indicator for MetaTrader 4 based on RSI, Moving Average and CCI. It draws buy and sell arrows on the chart, can alert you with a pop-up, sound, email or push message and can show data from another timeframe (MTF). It has 40 settings, such as Fast ma period, Slow ma period and Signal ma period. MQL source code included.
Files in the download: ! b765 MTH SMA_ADX Cross Arrow Indi Basic SetUp.ex4, ! T_Kiads BMI Long Mod v01_arrows.ex4, ! T_Kiads BMI Long Mod v01_arrows.mq4, !!!-MT4 X-RSI ARROW X.ex4, !--MH Arrow Signals.ex4, !--MH Arrow Signals.mq4, !BDP ARROWS.ex4, !BDP ARROWS.mq4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Fast ma period | 24 | 144 //75 |
| Slow ma period | 72 | 312 //365 |
| Signal ma period | 36 | 108 //60 |
| M amethod | 1 | |
| M aprice | 4 | |
| M aprecision | 5 | |
| B bon signal | true | |
| B bon mac dline | true | |
| B bperiod | 4 | Period or timeframe used by the calculation |
| B bdeviation | 8 | |
| B bshift | 0 | Bar shift (0 = current bar) |
| B bprecision | 3 | |
| Arrows | true | |
| Arrow bars | 1 | |
| Arrow size | 2 | |
| Sensitivity | 15 | |
| Otstup | 5 | |
| Arr upcolor | Gold | Colour on the chart |
| Arr dncolor | Red | Colour on the chart |
| Num bars | 500 | |
| Sound on | true | Turn this alert on or off |
| Processed | 2000 | |
| Control period | 14 | Period or timeframe used by the calculation |
| Signal period | 5 | Period or timeframe used by the calculation |
| Signal method | MODE_SMA | |
| Bb up period | 12 | Period or timeframe used by the calculation |
| Bb up deviation | 2 | |
| Bb dn period | 12 | Period or timeframe used by the calculation |
| Bb dn deviation | 2 | |
| Level ob | 6 | |
| Level os | -6 | |
| Extremelevel ob | 10 | |
| Extremelevel os | -10 | |
| Alerts on | true | Turn this alert on or off |
| Alerts on ob os | false | Turn this alert on or off |
| Alerts on extreme ob os | true | Turn this alert on or off |
| Alerts on current | false | Turn this alert on or off |
| Alerts message | true | Turn this alert on or off |
| Alerts sound | true | Turn this alert on or off |
| Alerts email | false | Turn this alert on or off |
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 · Alerts · Multi-Timeframe (MTF) · RSI · Moving Average · CCI · MT4 Indicator · MQL4 Source Code