Black Arrow 2
This Old Kings indicator for MetaTrader 4 is called Black Arrow 2. Its name points to buy / sell signals on the chart. In the code it works with the Stochastic oscillator and ATR. It draws arrows on the chart, can send alerts and can read another timeframe. It has 8 settings, for example time Frame (default 0), note6 (default Stochastic settings) and note7 (default 0=sma, 1=ema, 2=smma, 3=). 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 Black Arrow 2
Black Arrow 2 is an indicator for MetaTrader 4 based on Stochastic and ATR. 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 8 settings, such as Time frame, Note6 and Note7. MQL source code included.
Files in the download: #Color Stochastic v1.04.ex4, AJ ARROW.ex4, BA.tpl, Best Reversal-SNR-3.ex4, BLACK ARROW .ex4, Color Stochastic v1.04d 3.mq4, FREE TRADING SYSTEMS AND INDICATORS.url, #Color Stochastic v1.04.ex4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Time frame | 0 | {1=M1, 5=M5, 15=M15, ..., 1440=D1, 10080=W1, 43200=MN1} |
| Note6 | Stochastic settings | |
| Note7 | 0=sma, 1=ema, 2=smma, 3=lwma | |
| Ma method | 3 | |
| Note8 | 0=high/low, 1=close/close | |
| Price field | 1 | |
| Note9 | OverSold/OverBought Level | |
| Note11 | Directional: true/false |
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) · Stochastic · ATR · MT4 Indicator · MQL4 Source Code