Forex 3rd Generation Moving Average Indicator
From the Old Kings archive: Forex 3rd Generation Moving Average Indicator, an indicator for MetaTrader 4. As the name suggests, the idea behind it is moving averages. In the code it works with moving averages. It has 4 settings, for example MA Period (default 220), MA Sampling Period (default 50) and MA Method (default 1). 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 Forex 3rd Generation Moving Average Indicator
Forex 3rd Generation Moving Average Indicator is an indicator for MetaTrader 4 based on Moving Average. It has 4 settings, such as Ma period, Ma sampling period and Ma method. MQL source code included.
Files in the download: 3rdgenma.mq4, installation manual.txt.
Settings
| Setting | Default | What it does |
|---|---|---|
| Ma period | 220 | Period or timeframe used by the calculation |
| Ma sampling period | 50 | Sampling period should be less than 1/4 of MA_Period |
| Ma method | 1 | 0 - SMA, 1 - EMA, 2 - SMMA, 3 - LWMA |
| Ma applied price | 5 | 0 - PRICE_CLOSE, 1 - PRICE_OPEN, 2 - PRICE_HIGH, 3 - PRICE_LOW, 4 - PRICE_MEDIAN, 5 - PRICE_TYPICAL, |
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 · MT4 Indicator · MQL4 Source Code