Demark Trend New
Demark Trend New is an indicator for MetaTrader 4 from the Old Kings collection. Its name points to following the trend. It draws arrows on the chart. It has 11 settings, for example show Bars (default 200), Lev DP (default 3) and q Steps (default 1). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 1 indicator file 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 Demark Trend New
Demark Trend New is an indicator for MetaTrader 4. It draws buy and sell arrows on the chart. It has 11 settings, such as Show bars, Lev dp and Q steps. MQL source code included.
Files in the download: Demark_trend_new.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Show bars | 200 | = 0, |
| Lev dp | 3 | ; 2 = () 2 2 |
| Q steps | 1 | , 3 |
| Back step | 0 | Distance between orders |
| Start bar | 0 | 0, , 1 - |
| Trend line | true | false = |
| Horizont line | true | true = |
| Channel line | true | true = |
| Take lines | true | true = |
| Comments | true | true = |
| Trend | 0 | 1 = UpTrendLines, -1 = DownTrendLines, 0 = TrendLines |
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 · MT4 Indicator · MQL4 Source Code