Black Arrow 4
Black Arrow 4 is an indicator for MetaTrader 4 from the Old Kings collection. As the name suggests, the idea behind it is buy / sell signals on the chart. Its source code uses 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=). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 5 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 4
Black Arrow 4 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: Black Arrow\#Color Stochastic v1.04.ex4, Black Arrow\AJ ARROW.ex4, Black Arrow\BA.tpl, Black Arrow\Best Reversal-SNR-3.ex4, Black Arrow\BLACK ARROW .ex4, Black Arrow\Color Stochastic v1.04d 3.mq4.
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