Digital Candle Absolute Strength Trend
This Old Kings indicator for MetaTrader 4 is called Digital Candle Absolute Strength Trend. As the name suggests, the idea behind it is currency strength across pairs and following the trend. In the code it works with moving averages and ATR. It draws arrows on the chart, can send alerts and can read another timeframe. It has 21 settings, for example Time Frame (default 0), Math Mode (default 1) and Price (default 0). 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 Digital Candle Absolute Strength Trend
Digital Candle Absolute Strength Trend is an indicator for MetaTrader 4 based on Moving Average 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 21 settings, such as Time frame, Math mode and Price. MQL source code included.
Files in the download: Digital CandleAbsoluteStrengthTrend.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Time frame | 0 | TimeFrame in min |
| Math mode | 1 | Math method: 0-RSI;1-Stoch;2-DMI;3-MACD |
| Price | 0 | Price = 0...10 (see List of Prices) |
| Length | 9 | Period of evaluation |
| Pre smooth | 1 | Period of PreSmoothing |
| Smooth | 1 | Period of smoothing |
| Ma method | 0 | See list above |
| Levels mode | 0 | Levels Mode: 0-Standard OverBought/OverSold |
| Strength level | 70 | Strength Level (ex.70) |
| Weakness level | 30 | Weakness Level (ex.30) |
| Look back period | 20 | LookBack Period for LevelsMode=1,2 |
| Upper multiplier | 1 | Upper Band Multiplier for LevelsMode=1 |
| Lower multiplier | 1 | Lower Band Multiplier for LevelsMode=1 |
| Alerts | --- Alerts & Emails --- | Turn this alert on or off |
| Alert mode | 0 | Turn this alert on or off |
| Sounds number | 5 | Number of sounds after Signal |
| Sounds pause | 5 | Pause in sec between sounds |
| Up sound | alert.wav | Turn this alert on or off |
| Dn sound | alert2.wav | Turn this alert on or off |
| Email mode | 0 | 0-on,1-off |
| Emails number | 1 | 0-on,1-off |
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 · Alerts · Multi-Timeframe (MTF) · Moving Average · ATR · MT4 Indicator · MQL4 Source Code