Forex Lab Trend Indicator
This Old Kings indicator for MetaTrader 4 is called Forex Lab Trend Indicator. Its name points to following the trend. In the code it works with ATR. It draws arrows on the chart, can send alerts and can read another timeframe. It has 5 settings, for example Risk (default 3), Time Frame (default 0) and Signal (default 1). 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 Lab Trend Indicator
Forex Lab Trend Indicator is an indicator for MetaTrader 4 based on ATR. It draws buy and sell arrows on the chart, can alert you with a pop-up, sound, email or push message and can show data from another timeframe (MTF). It has 5 settings, such as Risk, Time frame and Signal. MQL source code included.
Files in the download: installation manual.txt, labtrend1_v2.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Risk | 3 | Price Channel narrowing factor (1..10) |
| Time frame | 0 | TimeFrame in min |
| Signal | 1 | Display signals mode |
| Color bar | 1 | Display color bars mode: 0-no,1-yes |
| Sound alert mode | 0 | Sound Alert switch |
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 · Multi-Timeframe (MTF) · ATR · MT4 Indicator · MQL4 Source Code