Forex Joe Chalhoub Forecaster Indicator
Forex Joe Chalhoub Forecaster Indicator — a MetaTrader 4 indicator kept in the Old Kings collection. Its source code uses divergence checks. It draws arrows on the chart. It has 18 settings, for example separator1 (default *** OSMA Settings ***), fast EMA (default 12) and slow EMA (default 26). 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 Joe Chalhoub Forecaster Indicator
Forex Joe Chalhoub Forecaster Indicator is an indicator for MetaTrader 4 based on Divergence. It draws buy and sell arrows on the chart. It has 18 settings, such as Separator1, Fast ema and Slow ema. MQL source code included.
Files in the download: installation manual.txt, JoeChalhoub_FXForecasterV1.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Separator1 | *** OSMA Settings *** | |
| Fast ema | 12 | |
| Slow ema | 26 | |
| Signal | 9 | |
| Separator2 | *** Indicator Settings *** | |
| Draw divergence lines | true | |
| Display alert | true | Turn this alert on or off |
| Symbol1 | ||
| Symbol2 | ||
| Period | 10 | Period or timeframe used by the calculation |
| Price | 0 | 0 or other = (H+L)/2 |
| Mode fast | False | |
| Signals | False | |
| Ma1period | 9,MA2period=45 | Period or timeframe used by the calculation |
| Type help | SMA- 0, EMA - 1, SMMA - 2, LWMA- 3 | |
| Type help2 | John Hyden settings TypeMA1=0, TypeMA2=3 | |
| Type ma1 | 0 | |
| Type ma2 | 3 |
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: Buy/Sell Arrows · Divergence · MT4 Indicator · MQL4 Source Code