ASC Trend.mq4
This Old Kings indicator for MetaTrader 4 is called ASC Trend.mq4. As the name suggests, the idea behind it is following the trend. In the code it works with an oscillator. It draws arrows on the chart. It has 2 settings, for example RISK (default 3) and Count Bars (default 300). 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 · v1.0 · Free
About ASC Trend.mq4
ASC Trend.mq4 is an indicator for MetaTrader 4 based on Oscillator. It draws buy and sell arrows on the chart. It has 2 settings, such as RISK and Count bars. MQL source code included.
Files in the download: ASCTrend.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| RISK | 3 | Risk per trade (percent of balance) |
| Count bars | 300 |
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: Trend · Buy/Sell Arrows · Oscillator · MT4 Indicator · MQL4 Source Code