Forex Average Range Indicator
This Old Kings indicator for MetaTrader 4 is called Forex Average Range Indicator. It has 14 settings, for example Magic num (default 12345), Av 1 (default 0) and Av 2 (default 1). Try it on a demo chart first and note how its lines or arrows react to new bars. 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 Average Range Indicator
Forex Average Range Indicator is an indicator for MetaTrader 4. It has 14 settings, such as Magic num, Av 1 and Av 2. MQL source code included.
Files in the download: Average_Range.ex4, Average_Range.mq4, installation manual.txt.
Settings
| Setting | Default | What it does |
|---|---|---|
| Magic num | 12345 | Magic number that tells this EA's orders apart |
| Av 1 | 0 | |
| Av 2 | 1 | |
| Av 3 | 5 | |
| Av 4 | 10 | |
| Av 5 | 20 | |
| Av 6 | 30 | |
| Title col | DarkOrange | |
| Label col | Gray | |
| Av col | Red | |
| Total col | Silver | |
| Total av col | Red | |
| Shift up dn | 1 | Adjusts Signal Display Up & Down |
| Adjust side to side | 1 | Adjusts Signal Display from side to side |
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: MT4 Indicator · MQL4 Source Code