Forex Carter MA Indicator
This Old Kings indicator for MetaTrader 4 is called Forex Carter MA Indicator. Judging by its name, it is built around moving averages. In the code it works with moving averages. It has 5 settings, for example ma1 (default 8), ma2 (default 21) and ma3 (default 50). 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 Carter MA Indicator
Forex Carter MA Indicator is an indicator for MetaTrader 4 based on Moving Average. It has 5 settings, such as Ma1, Ma2 and Ma3. MQL source code included.
Files in the download: Carter_MA.mq4, installation manual.txt.
Settings
| Setting | Default | What it does |
|---|---|---|
| Ma1 | 8 | |
| Ma2 | 21 | |
| Ma3 | 50 | |
| Ma4 | 100 | |
| Ma5 | 200 |
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