Forex ATR MACD Trading Indicator
This Old Kings indicator for MetaTrader 4 is called Forex ATR MACD Trading Indicator. As the name suggests, the idea behind it is MACD (moving average convergence / divergence) and ATR volatility. In the code it works with ATR. It has 2 settings, for example period1 (default 7) and period2 (default 49). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 2 indicator files 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 ATR MACD Trading Indicator
Forex ATR MACD Trading Indicator is an indicator for MetaTrader 4 based on ATR. It has 2 settings, such as Period1 and Period2. MQL source code included.
Files in the download: atr macd.ex4, atr macd.mq4, installation manual.txt.
Settings
| Setting | Default | What it does |
|---|---|---|
| Period1 | 7 | Number of bars in the calculation |
| Period2 | 49 | Number of bars in the calculation |
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: MACD · ATR · MT4 Indicator · MQL4 Source Code