Forex Custom BB MACD Indicator
Forex Custom BB MACD Indicator is an indicator for MetaTrader 4 from the Old Kings collection. Judging by its name, it is built around MACD (moving average convergence / divergence). Its source code uses moving averages. It draws arrows on the chart and can send alerts. It has 12 settings, for example Fast Len (default 12), Slow Len (default 26) and Length (default 10). 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 Custom BB MACD Indicator
Forex Custom BB MACD Indicator is an indicator for MetaTrader 4 based on Moving Average. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 12 settings, such as Fast len, Slow len and Length. MQL source code included.
Files in the download: custom-bb-macd-indicator.mq4, installation manual.txt.
Settings
| Setting | Default | What it does |
|---|---|---|
| Fast len | 12 | |
| Slow len | 26 | |
| Length | 10 | |
| Bars count | 400 | |
| St dv | 2.5 | |
| Buff | 0.1 | |
| Alerts on | true | Turn this alert on or off |
| Alerts message box | true | Turn this alert on or off |
| Alerts sound | false | Turn this alert on or off |
| Alerts sound file | TP1M.wav | enterSoundFile |
| Alerts email | false | Turn this alert on or off |
| Alerts after bar close | true | 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: MACD · Buy/Sell Arrows · Alerts · Moving Average · MT4 Indicator · MQL4 Source Code