Forex Dema MACD Divergence V1 Indicator
From the Old Kings archive: Forex Dema MACD Divergence V1 Indicator, an indicator for MetaTrader 4. As the name suggests, the idea behind it is MACD (moving average convergence / divergence) and divergence between price and an oscillator. The file name marks it as version 1. In the code it works with divergence checks. It draws arrows on the chart. It has 11 settings, for example separator1 (default *** MACD/OSMA Settings *), fast EMA (default 8.3896) and slow EMA (default 17.5185). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. 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 Dema MACD Divergence V1 Indicator
Forex Dema MACD Divergence V1 Indicator is an indicator for MetaTrader 4 based on Divergence. It draws buy and sell arrows on the chart. It has 11 settings, such as Separator1, Fast ema and Slow ema. MQL source code included.
Files in the download: fx5_dema_macd_divergence_v1.1.ex4, fx5_dema_macd_divergence_v1.1.mq4, installation manual.txt.
Settings
| Setting | Default | What it does |
|---|---|---|
| Separator1 | *** MACD/OSMA Settings *** | |
| Fast ema | 8.3896 | |
| Slow ema | 17.5185 | |
| Signal | 9.0503 | |
| Use osma | false | |
| Use dema | true | |
| Separator2 | *** Indicator Settings | |
| Positive sensitivity | 0.0001 | |
| Negative sensitivity | -0.0001 | |
| History bars count | 0 | |
| Draw divergence lines | true |
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 · Moving Average · Divergence · Buy/Sell Arrows · MT4 Indicator · MQL4 Source Code