Asar Indicator For MetaTrader 5
From the Old Kings archive: Asar Indicator For MetaTrader 5, an indicator for MetaTrader 5. In the code it works with moving averages. It draws arrows on the chart. It has 7 settings, for example Price Mode (default PRICE_MODE_DEF), Applied Price (default PRICE_CLOSE) and Start (default 0.02). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 1 indicator file with source code (.mq5) 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 · MT5 · v1.0 · Free
About Asar Indicator For MetaTrader 5
Asar Indicator For MetaTrader 5 is an indicator for MetaTrader 5 based on Moving Average. It draws buy and sell arrows on the chart. It has 7 settings, such as Price mode, Applied price and Start. MQL source code included.
Files in the download: ASAR.mq5, ASAR2.png, ASAR0.png, ASAR1.png.
Settings
| Setting | Default | What it does |
|---|---|---|
| Price mode | PRICE_MODE_DEF | Price mode |
| Applied price | PRICE_CLOSE | Applied price |
| Start | 0.02 | Start |
| Step | 0.002 | Step |
| Max | 0.2 | Max |
| Filter | 0.0 | Filter |
| Min change | 0.0 | Min change |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 5 open File → Open Data Folder, then go to MQL5 → Indicators.
- Copy the .mq5 file(s) there. Put any .mqh files in MQL5 → Include.
- Open the .mq5 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 · Moving Average · MT5 Indicator · MQL5 Source Code