Forex Flat Trend With MACD MTF Indicator
This Old Kings indicator for MetaTrader 4 is called Forex Flat Trend With MACD MTF Indicator. As the name suggests, the idea behind it is MACD (moving average convergence / divergence), following the trend and several timeframes at once. In the code it works with MACD. It can read another timeframe. It has 5 settings, for example Minutes (default 0), MACD Fast (default 12) and MACD Slow (default 26). 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 · v1.0 · Free
About Forex Flat Trend With MACD MTF Indicator
Forex Flat Trend With MACD MTF Indicator is an indicator for MetaTrader 4 based on MACD. It can show data from another timeframe (MTF). It has 5 settings, such as Minutes, Macd fast and Macd slow. MQL source code included.
Files in the download: flattrand_w_macd_mtf.ex4, flattrand_w_macd_mtf.mq4, installation manual.txt.
Settings
| Setting | Default | What it does |
|---|---|---|
| Minutes | 0 | |
| Macd fast | 12 | |
| Macd slow | 26 | |
| Macd ma | 9 | |
| Bars to count | 1000 |
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 · Multi-Timeframe (MTF) · Trend · MT4 Indicator · MQL4 Source Code