Forex DSS Momentum Alert Arrows Indicator
Forex DSS Momentum Alert Arrows Indicator — a MetaTrader 4 indicator kept in the Old Kings collection. Judging by its name, it is built around price momentum, alerts and buy / sell signals on the chart. Its source code uses moving averages and ATR. It draws arrows on the chart, can send alerts and can read another timeframe. It has 21 settings, for example Time Frame (default Current time frame), Stochastic Length (default 32) and Smooth EMA (default 9). Try it on a demo chart first and note how its lines or arrows react to new bars. 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 · v1.0 · Free
About Forex DSS Momentum Alert Arrows Indicator
Forex DSS Momentum Alert Arrows Indicator is an indicator for MetaTrader 4 based on Moving Average 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 21 settings, such as Time frame, Stochastic length and Smooth ema. MQL source code included.
Files in the download: dss_of_momentum__arrows__alerts___mtf_nmc.ex4, dss_of_momentum__arrows__alerts___mtf_nmc.mq4, installation manual.txt.
Settings
| Setting | Default | What it does |
|---|---|---|
| Time frame | Current time frame | Period or timeframe used by the calculation |
| Stochastic length | 32 | |
| Smooth ema | 9 | |
| Signal ema | 5 | |
| Mom period | 14 | Period or timeframe used by the calculation |
| Change on direction change | true | |
| Show arrows | false | |
| Arrows identifier | dssmom Arrows1 | |
| Arrows upper gap | 1.0 | |
| Arrows lower gap | 1.0 | |
| Arrows up color | LimeGreen | Colour on the chart |
| Arrows dn color | Red | Colour on the chart |
| Arrows up code | 241 | |
| Arrows dn code | 242 | |
| Alerts on | true | Turn this alert on or off |
| Alerts on current | false | Turn this alert on or off |
| Alerts message | true | Turn this alert on or off |
| Alerts sound | false | Turn this alert on or off |
| Alerts notify | false | Turn this alert on or off |
| Alerts email | false | Turn this alert on or off |
| Sound file | alert2.wav | 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: Momentum · Buy/Sell Arrows · Alerts · Multi-Timeframe (MTF) · Moving Average · ATR · MT4 Indicator · MQL4 Source Code