Forex Goats SA Bar Meter 2
From the Old Kings archive: Forex Goats SA Bar Meter 2, an indicator for MetaTrader 4. As the name suggests, the idea behind it is currency strength across pairs. In the code it works with MACD, the Stochastic oscillator, moving averages and Parabolic SAR. It has 17 settings, for example Stochs Values (default == Stochastic Oscillator), Stoch K (default 14) and Stoch D (default 3). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. 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 Goats SA Bar Meter 2
Forex Goats SA Bar Meter 2 is an indicator for MetaTrader 4 based on MACD, Stochastic, Moving Average and Parabolic SAR. It has 17 settings, such as Stochs values, Stoch k and Stoch d. MQL source code included.
Files in the download: Forex Goats SA Bar Meter (1).mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Stochs values | == Stochastic Oscillators == | |
| Stoch k | 14 | |
| Stoch d | 3 | |
| Stoch slowing | 3 | |
| M avalues | == Moving Averages == | |
| Ma period | 14 | Period or timeframe used by the calculation |
| Ma shift | 0 | Bar shift (0 = current bar) |
| Mac dvalues | == MACD == | |
| Macd period1 | 12 | Number of bars in the calculation |
| Macd period2 | 26 | Number of bars in the calculation |
| Macd period3 | 9 | Number of bars in the calculation |
| Ma xvalues | == MA Xover == | |
| Fast lwma | 3 | |
| Slow sma | 5 | |
| Psa rvalues | == Parabolic SAR == | |
| Psar step | 0.02 | Distance between orders |
| Psar max | 0.2 |
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 · Stochastic · Moving Average · Parabolic SAR · Oscillator · MT4 Indicator · MQL4 Source Code