Forex Color Stochastic V1 Arrow Alert Indicator
This Old Kings indicator for MetaTrader 4 is called Forex Color Stochastic V1 Arrow Alert Indicator. Its name points to the Stochastic oscillator, alerts and buy / sell signals on the chart. The file name marks it as version 1. In the code it works with the Stochastic oscillator and ATR. It draws arrows on the chart, can send alerts and can read another timeframe. It has 8 settings, for example time Frame (default 0), note6 (default Stochastic settings) and note7 (default 0=sma, 1=ema, 2=smma, 3=). 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 · Free
About Forex Color Stochastic V1 Arrow Alert Indicator
Forex Color Stochastic V1 Arrow Alert Indicator is an indicator for MetaTrader 4 based on Stochastic and ATR. It draws buy and sell arrows on the chart, can alert you with a pop-up, sound, email or push message and can show data from another timeframe (MTF). It has 8 settings, such as Time frame, Note6 and Note7. MQL source code included.
Files in the download: Color Stochastic v1.04d arrow alert.ex4, Color Stochastic v1.04d arrow alert.mq4, installation manual.txt.
Settings
| Setting | Default | What it does |
|---|---|---|
| Time frame | 0 | {1=M1, 5=M5, 15=M15, ..., 1440=D1, 10080=W1, 43200=MN1} |
| Note6 | Stochastic settings | |
| Note7 | 0=sma, 1=ema, 2=smma, 3=lwma | |
| Ma method | 3 | |
| Note8 | 0=high/low, 1=close/close | |
| Price field | 1 | |
| Note9 | OverSold/OverBought Level | |
| Note11 | Directional: true/false |
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: Stochastic · Buy/Sell Arrows · Alerts · Multi-Timeframe (MTF) · ATR · MT4 Indicator · MQL4 Source Code