Dema MACD Zones Trading
Dema MACD Zones Trading is an indicator for MetaTrader 4 from the Old Kings collection. Judging by its name, it is built around MACD (moving average convergence / divergence) and price zones drawn on the chart. Its source code uses ATR. It draws arrows on the chart and can send alerts. It has 15 settings, for example Use ATRMode (default true), Non ATRStop Pips (default 40) and ATRPeriod (default 9). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 4 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 Dema MACD Zones Trading
Dema MACD Zones Trading is an indicator for MetaTrader 4 based on ATR. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 15 settings, such as Use atr mode, Non atr stop pips and Atr period. MQL source code included.
Files in the download: Dema MACD Zones Trading\#LURCH_SRv5.mq4, Dema MACD Zones Trading\dema MACD Zone Trading.tpl, Dema MACD Zones Trading\dema macd zones amp alerts 2.ex4, Dema MACD Zones Trading\HeikenAshi3.mq4, Dema MACD Zones Trading\RenkoLiveChart_v600.6_indi.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Use atr mode | true | |
| Non atr stop pips | 40 | |
| Atr period | 9 | Period or timeframe used by the calculation |
| Atr multiplier | 3.0 | How much the lot size grows after a loss |
| Atr smoothing | 0 | |
| Arrow distance | 0 | Distance between orders |
| Alert sound | true | Turn this alert on or off |
| Alert mail | true | Turn this alert on or off |
| Show comment | true | Comment written on the orders |
| Renko box size | 3.0 | |
| Renko box offset | 0 | |
| Renko time frame | 7 | Offline Timeframe |
| Show wicks | false | |
| Emulate on line chart | true | |
| Strange symbol name | 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: MACD · Moving Average · Buy/Sell Arrows · Alerts · ATR · MT4 Indicator · MQL4 Source Code