Forex Divergence Discretionary Binary Options Strategy
This Old Kings indicator for MetaTrader 4 is called Forex Divergence Discretionary Binary Options Strategy. Its name points to divergence between price and an oscillator. In the code it works with divergence checks, MACD and the Stochastic oscillator. It draws arrows on the chart, can send alerts and can read another timeframe. It has 20 settings, for example corner (default 3), my Font (default Impact) and my Font Size (default 12). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 10 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 · v1.0 · Free
About Forex Divergence Discretionary Binary Options Strategy
Forex Divergence Discretionary Binary Options Strategy is an indicator for MetaTrader 4 based on Divergence, MACD 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 20 settings, such as Corner, My font and My font size. MQL source code included.
Files in the download: b-clock_TRO_MODIFIED_VERSION.ex4, b-clock_TRO_MODIFIED_VERSION.mq4, Divergence Discretinary System.tpl, Divergence Petr.ex4, FX5 MACD_Divergence V1.1.ex4, FX5 MACD_Divergence V1.1.mq4, fx5_divergence.ex4, installation manual.txt ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Corner | 3 | |
| My font | Impact | "Eras Bold ITC" |
| My font size | 12 | |
| Color time | White | Colour on the chart |
| Separator1 | *** MACD Settings *** | |
| Fast ema | 12 | |
| Slow ema | 26 | |
| Signal sma | 9 | |
| Separator2 | *** Indicator Settings *** | |
| Draw indicator trend lines | true | |
| Draw price trend lines | true | |
| Display alert | true | Turn this alert on or off |
| K period | 8 | Period or timeframe used by the calculation |
| D period | 3 | Period or timeframe used by the calculation |
| Slowing | 3 | |
| Color bearish trend lines | SaddleBrown | Colour on the chart |
| Color bullish trend lines | MediumSpringGreen | Colour on the chart |
| Separator3 | *** Timeframe Setting (H1=60,H4=240,1440 | |
| Time frame | 15 | Period or timeframe used by the calculation |
| Line color | LightSlateGray | Colour on the chart |
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: Divergence · Binary Options · Buy/Sell Arrows · Alerts · Multi-Timeframe (MTF) · MACD · Stochastic · MT4 Indicator · MQL4 Source Code