Forex COG MACD Indicator
This Old Kings indicator for MetaTrader 4 is called Forex COG MACD Indicator. As the name suggests, the idea behind it is MACD (moving average convergence / divergence). In the code it works with MACD. It has 8 settings, for example bars back (default 240), fma (default 12) and sma (default 26). 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 COG MACD Indicator
Forex COG MACD Indicator is an indicator for MetaTrader 4 based on MACD. It has 8 settings, such as Bars back, Fma and Sma. MQL source code included.
Files in the download: COGMACD.mq4, installation manual.txt.
Settings
| Setting | Default | What it does |
|---|---|---|
| Bars back | 240 | |
| Fma | 12 | |
| Sma | 26 | |
| Sigma | 9 | |
| Fib band | 0.618 | |
| M | 3 | |
| I | 0 | |
| Kstd | 3.618 |
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 · MT4 Indicator · MQL4 Source Code