EMAOs MA 2
This Old Kings indicator for MetaTrader 4 is called EMAOs MA 2. As the name suggests, the idea behind it is moving averages. In the code it works with MACD. It draws arrows on the chart. It has 5 settings, for example Ema Period (default 12), Up Cross (default Gold) and Down Cross (default DarkGreen). Try it on a demo chart first and note how its lines or arrows react to new bars. 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 EMAOs MA 2
EMAOs MA 2 is an indicator for MetaTrader 4 based on MACD. It draws buy and sell arrows on the chart. It has 5 settings, such as Ema period, Up cross and Down cross. MQL source code included.
Files in the download: EMAOsMA.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Ema period | 12 | Period or timeframe used by the calculation |
| Up cross | Gold | |
| Down cross | DarkGreen | |
| Arrow code1 | 233 | |
| Arrow code2 | 234 |
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: Moving Average · Buy/Sell Arrows · MACD · MT4 Indicator · MQL4 Source Code