Forex Bykov Trend Signal Indicator
This Old Kings indicator for MetaTrader 4 is called Forex Bykov Trend Signal Indicator. Judging by its name, it is built around following the trend and buy / sell signals on the chart. In the code it works with an oscillator. It draws arrows on the chart. It has 4 settings, for example RISK (default 3), SSP (default 9) and Count Bars (default 500). Load it on a demo chart and check whether its signals repaint before trusting them. 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 Bykov Trend Signal Indicator
Forex Bykov Trend Signal Indicator is an indicator for MetaTrader 4 based on Oscillator. It draws buy and sell arrows on the chart. It has 4 settings, such as RISK, SSP and Count bars. MQL source code included.
Files in the download: BykovTrend_Sig.mq4, installation manual.txt.
Settings
| Setting | Default | What it does |
|---|---|---|
| RISK | 3 | Risk per trade (percent of balance) |
| SSP | 9 | |
| Count bars | 500 | |
| Alert delay in seconds | 60 | Turn this alert on or off |
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 · Trend · Oscillator · MT4 Indicator · MQL4 Source Code