ASC Trend System
From the Old Kings archive: ASC Trend System, an indicator for MetaTrader 4. 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 and shows an on-chart panel. It has 12 settings, for example RISK (default 3), Count Bars (default 300) and Risk (default 5). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 11 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 ASC Trend System
ASC Trend System is an indicator for MetaTrader 4 based on Oscillator. It draws buy and sell arrows on the chart and shows several symbols in one panel. It has 12 settings, such as RISK, Count bars and Risk. MQL source code included.
Files in the download: ASCTrend system\asctrend.tpl, ASCTrend system\Don't read me.txt, ASCTrend system\Region Capture.jpg, ASCTrend system\Trading_Rules.txt, ASCTrend system\indicators\ASCTrend1.mq4, ASCTrend system\indicators\ASCTrend1sig.mq4, ASCTrend system\indicators\ASCTrend1sig_noSound.mq4, ASCTrend system\indicators\AscTrend2.mq4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| RISK | 3 | Risk per trade (percent of balance) |
| Count bars | 300 | |
| Risk | 5 | Risk per trade (percent of balance) |
| Monyrisk | 2.0 | Risk per trade (percent of balance) |
| Average period | 10 | Period or timeframe used by the calculation |
| Variant | 2 | |
| Atr period | 14 | Period or timeframe used by the calculation |
| Coefficient | 4.0 | |
| Start bar | 1000 | |
| P | 9 | |
| N1 | 9 | |
| N2 | 49 |
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 · Dashboards & Scanners · Oscillator · MT4 Indicator · MQL4 Source Code