Forex Inverse Distance Weighted Moving Average Indicator
From the Old Kings archive: Forex Inverse Distance Weighted Moving Average Indicator, an indicator for MetaTrader 4. As the name suggests, the idea behind it is moving averages. It can send alerts. It has 4 settings, for example MA Period (default 14), MA Shift (default 0) and MA Price (default 0). 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 Inverse Distance Weighted Moving Average Indicator
Forex Inverse Distance Weighted Moving Average Indicator is an indicator for MetaTrader 4. It can alert you with a pop-up, sound, email or push message. It has 4 settings, such as Ma period, Ma shift and Ma price. MQL source code included.
Files in the download: IDWma.mq4, installation manual.txt.
Settings
| Setting | Default | What it does |
|---|---|---|
| Ma period | 14 | Default Moving Average |
| Ma shift | 0 | Default Moving Average |
| Ma price | 0 | PRICE_CLOSE=0, O1, H2, L3, m4, t5, w6 |
| Ma tf | 0 | 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: Moving Average · Alerts · MT4 Indicator · MQL4 Source Code