Forex Fan Simple Indicator
Forex Fan Simple Indicator — a MetaTrader 4 indicator kept in the Old Kings collection. Its source code uses moving averages. It can read another timeframe. It has 40 settings, for example Display Fan Status (default true), Display Fan (default true) and Timeframe1 (default PERIOD_M1). Load it on a demo chart and check whether its signals repaint before trusting them. 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 Fan Simple Indicator
Forex Fan Simple Indicator is an indicator for MetaTrader 4 based on Moving Average. It can show data from another timeframe (MTF). It has 40 settings, such as Display fan status, Display fan and Timeframe1. MQL source code included.
Files in the download: FanSimple8_4MEn.mq4, installation manual.txt.
Settings
| Setting | Default | What it does |
|---|---|---|
| Display fan status | true | |
| Display fan | true | |
| Timeframe1 | PERIOD_M1 | Period or timeframe used by the calculation |
| Timeframe2 | PERIOD_M5 | Period or timeframe used by the calculation |
| Timeframe3 | PERIOD_M15 | Period or timeframe used by the calculation |
| Timeframe4 | PERIOD_M30 | Period or timeframe used by the calculation |
| Timeframe5 | PERIOD_H1 | Period or timeframe used by the calculation |
| Timeframe6 | PERIOD_H4 | Period or timeframe used by the calculation |
| Timeframe7 | PERIOD_D1 | Period or timeframe used by the calculation |
| Timeframe8 | PERIOD_W1 | Period or timeframe used by the calculation |
| Timeframe9 | 0 | Period or timeframe used by the calculation |
| Tracking time | 0 | |
| Tracking | false | |
| Sliding | true | |
| Sliding sound | Turn this alert on or off | |
| MA1 | 55 | |
| MA2 | 21 | |
| MA3 | 5 | |
| MA4 | 0 | |
| MA5 | 0 | |
| MA6 | 0 | |
| MA7 | 0 | |
| MA8 | 0 | |
| Display ma1 | true | |
| Display ma2 | true | |
| Display ma3 | true | |
| Display ma4 | true | |
| Display ma5 | true | |
| Display ma6 | true | |
| Display ma7 | true | |
| Display ma8 | true | |
| Font name | Wingdings | |
| Font size | 12 | |
| Price on symbol | 108 | Circle |
| Price off symbol | 32 | Space |
| Price color | LimeGreen | Colour on the chart |
| Fan wrong symbol | 117 | Diamond |
| Fan up symbol | 233 | Up Arrow |
| Fan down symbol | 234 | Down Arrow |
| Fan wrong color | DarkGray | 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: Multi-Timeframe (MTF) · Moving Average · MT4 Indicator · MQL4 Source Code