Forex Custom Buy Sell Arrows Indicator
From the Old Kings archive: Forex Custom Buy Sell Arrows Indicator, an indicator for MetaTrader 4. Judging by its name, it is built around buy / sell signals on the chart. In the code it works with MACD, RSI and the Stochastic oscillator. It draws arrows on the chart, can send alerts and can read another timeframe. It has 40 settings, for example Indicator1 (default INDICATOR_MACD), Time Frame1 (default 0) and Indicator2 (default INDICATOR_MA). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. 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 Buy Sell Arrows Indicator
Forex Custom Buy Sell Arrows Indicator is an indicator for MetaTrader 4 based on MACD, RSI and Stochastic. 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 40 settings, such as Indicator1, Time frame1 and Indicator2. MQL source code included.
Files in the download: IndicatorArrows.mq4, installation manual.txt.
Settings
| Setting | Default | What it does |
|---|---|---|
| Indicator1 | INDICATOR_MACD | |
| Time frame1 | 0 | Period or timeframe used by the calculation |
| Indicator2 | INDICATOR_MA | |
| Time frame2 | 0 | Period or timeframe used by the calculation |
| Range | ||
| Range period | 14 | Period or timeframe used by the calculation |
| Moving average | ||
| Ma period | 5 | Period or timeframe used by the calculation |
| Ma method | MODE_EMA | |
| Ma price | PRICE_CLOSE | |
| MACD | ||
| Fast macd | 12 | |
| Slow macd | 26 | |
| Signal macd | 9 | |
| Macd price | PRICE_CLOSE | |
| Os ma | ||
| Fast os ma | 12 | |
| Slow os ma | 26 | |
| Signal os ma | 9 | |
| Os ma price | PRICE_CLOSE | |
| Os ma signal | 9 | |
| Stochastic | ||
| Kperiod | 8 | Period or timeframe used by the calculation |
| Dperiod | 3 | Period or timeframe used by the calculation |
| Slowing | 3 | |
| Stoch ma method | MODE_SMA | |
| Price field | STO_LOWHIGH | |
| RSI | ||
| Rsi period | 8 | Period or timeframe used by the calculation |
| Rsi signal | 5 | |
| Rsi price | PRICE_CLOSE | |
| CCI | ||
| Cci period | 14 | Period or timeframe used by the calculation |
| Cci signal | 5 | |
| Cci price | PRICE_CLOSE | |
| RVI | ||
| Rvi period | 10 | Period or timeframe used by the calculation |
| ADX | ||
| Adx period | 14 | Period or timeframe used by the calculation |
| Adx price | PRICE_CLOSE |
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 · Alerts · Multi-Timeframe (MTF) · MACD · RSI · Stochastic · MT4 Indicator · MQL4 Source Code