Ergodic Signals
Ergodic Signals — a MetaTrader 4 indicator kept in the Old Kings collection. Judging by its name, it is built around buy / sell signals on the chart. It draws arrows on the chart. It has 5 settings, for example First R (default 8), Second S (default 5) and Signal Period (default 5). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. 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 Ergodic Signals
Ergodic Signals is an indicator for MetaTrader 4. It draws buy and sell arrows on the chart. It has 5 settings, such as First r, Second s and Signal period. MQL source code included.
Files in the download: Ergodic Signals.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| First r | 8 | |
| Second s | 5 | |
| Signal period | 5 | Period or timeframe used by the calculation |
| Mode smooth | 1 | |
| Arrow shift | 5 | Bar shift (0 = current bar) |
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 · MT4 Indicator · MQL4 Source Code