Forex AMA Bands Indicator
This Old Kings indicator for MetaTrader 4 is called Forex AMA Bands Indicator. It draws arrows on the chart. It has 10 settings, for example Range (default 9), Slow AMA (default 30) and Fast AMA (default 2). 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 AMA Bands Indicator
Forex AMA Bands Indicator is an indicator for MetaTrader 4. It draws buy and sell arrows on the chart. It has 10 settings, such as Range, Slow ama and Fast ama. MQL source code included.
Files in the download: AMA_Bands.mq4, installation manual.txt.
Settings
| Setting | Default | What it does |
|---|---|---|
| Range | 9 | |
| Slow ama | 30 | |
| Fast ama | 2 | |
| P g | 2.0 | |
| K f | 2.0 | |
| Inner bands on | true | |
| Bands dev inn | 1.0 | |
| Outer bands on | true | |
| Bands dev out | 2.0 | |
| Last bar only | false |
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