Forex KM Trend Reader Trading System
This Old Kings indicator for MetaTrader 4 is called Forex KM Trend Reader Trading System. Its name points to following the trend. In the code it works with moving averages and CCI. It draws arrows on the chart and can send alerts. It has 37 settings, for example note1 (default First Moving Average), MA1 (default 3) and note2 (default 0=sma, 1=ema, 2=smma, 3=). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 7 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 KM Trend Reader Trading System
Forex KM Trend Reader Trading System is an indicator for MetaTrader 4 based on Moving Average and CCI. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 37 settings, such as Note1, MA1 and Note2. MQL source code included.
Files in the download: 2MA CrossoverWithPrice.mq4, Direction.ex4, installation manual.txt, k3M.tpl, K3M_K.mq4, K3M_K_v2.ex4, K3M_M1.mq4, K3M_M2.mq4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Note1 | First Moving Average | |
| MA1 | 3 | |
| Note2 | 0=sma, 1=ema, 2=smma, 3=lwma | |
| Ma1 mode | 1 | 0=sma, 1=ema, 2=smma, 3=lwma |
| Note2b | 0=close, 1=open, 2=high, 3=low, | |
| Note2c | 4=median(high+low)/2, | |
| Note2d | 5=typical(high+low+close)/3, | |
| Note2e | 6=weighted(high+low+close+close)/4 | |
| Ma1 price | 1 | 0=close, 1=open, 2=high, 3=low, 4=median(high+low)/2, 5=typical(high+low+close)/3, 6=weighted(high+l |
| Note3 | ---------------------------------------- | |
| Note4 | Second Moving Average | |
| MA2 | 7 | |
| Note5 | 0=sma, 1=ema, 2=smma, 3=lwma | |
| Ma2 mode | 1 | 0=sma, 1=ema, 2=smma, 3=lwma |
| Note5b | 0=close, 1=open, 2=high, 3=low, | |
| Note5c | 4=median(high+low)/2, | |
| Note5d | 5=typical(high+low+close)/3, | |
| Note5e | 6=weighted(high+low+close+close)/4 | |
| Ma2 price | 0 | 0=close, 1=open, 2=high, 3=low, 4=median(high+low)/2, 5=typical(high+low+close)/3, 6=weighted(high+l |
| Note6 | ---------------------------------------- | |
| Note7 | Arrow Type | |
| Note8 | 0=Thick, 1=Thin, 2=Hollow, 3=Round | |
| Note9 | 4=Fractal, 5=Diagonal Thin | |
| Note10 | 6=Diagonal Thick, 7=Diagonal Hollow | |
| Note11 | 8=Thumb, 9=Finger | |
| Arrow type | 2 | |
| Note12 | ---------------------------------------- | |
| Alert on | true | Turn this alert on or off |
| Note14 | ---------------------------------------- | |
| Send an email | false | Turn this alert on or off |
| Cp1 | 50 | |
| Cp2 | 14 | |
| K3M1 | 9 | |
| Kpi | 10 | |
| Dpi | 3 | |
| Spi | 3 | |
| Api | 9 |
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: Trend · Buy/Sell Arrows · Alerts · Moving Average · CCI · MT4 Indicator · MQL4 Source Code