Black King
Black King is an indicator for MetaTrader 4 from the Old Kings collection. Its source code uses RSI, moving averages and an oscillator. It draws arrows on the chart and can send alerts. It has 40 settings, for example SSP (default 7), Kmax (default 50.6) and Count Bars (default 300). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 15 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 King
Black King is an indicator for MetaTrader 4 based on RSI, Moving Average and Oscillator. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 40 settings, such as SSP, Kmax and Count bars. MQL source code included.
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Settings
| Setting | Default | What it does |
|---|---|---|
| SSP | 7 | |
| Kmax | 50.6 | 24 21.6 21.6 |
| Count bars | 300 | |
| Color1 | Red | Colour on the chart |
| Color2 | White | Colour on the chart |
| Color3 | Red | Colour on the chart |
| Color4 | White | Colour on the chart |
| Note1 | First Moving Average | |
| MA1 | 4 | |
| Note2 | 0=sma, 1=ema, 2=smma, 3=lwma | |
| Ma1 mode | 1 | 0=sma, 1=ema, 2=smma, 3=lwma |
| Note3 | ---------------------------------------- | |
| Note4 | Second Moving Average | |
| MA2 | 8 | |
| Note5 | 0=sma, 1=ema, 2=smma, 3=lwma | |
| Ma2 mode | 1 | 0=sma, 1=ema, 2=smma, 3=lwma |
| Note6 | ---------------------------------------- | |
| Note7 | Arrow Type | |
| Note8 | 0=Thick, 1=Thin, 2=Hollow, 3=Round | |
| Note9 | 4=Fractal, 5=Diagonal Thin | |
| Note10 | 6=Diagonal Thick, 7=Diagonal Hollow | |
| Note11 | 8=Thumb, 9=Finger | |
| Arrow type | 3 | |
| Note12 | ---------------------------------------- | |
| Alert on | false | Turn this alert on or off |
| Note14 | ---------------------------------------- | |
| Send an email | false | Turn this alert on or off |
| RISK | 3 | Risk per trade (percent of balance) |
| Bid ask colors | True | Colour on the chart |
| Font color | Black | Colour on the chart |
| Font size | 32 | |
| Font type | Arial Black | |
| What corner | 1 | |
| Rsi period | 13 | 8-25 |
| Rsi price | 0 | 0-6 |
| Volatility band | 34 | 20-40 |
| Rsi price line | 2 | |
| Rsi price type | 0 | 0-3 |
| Trade signal line | 7 | |
| Trade signal type | 0 | 0-3 |
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 · RSI · Moving Average · Oscillator · MT4 Indicator · MQL4 Source Code