Forex MACD ASC Trend Trading Strategy
Forex MACD ASC Trend Trading Strategy — a MetaTrader 4 indicator kept in the Old Kings collection. As the name suggests, the idea behind it is MACD (moving average convergence / divergence) and following the trend. Its source code uses moving averages, ATR and an oscillator. It draws arrows on the chart and can send alerts. It has 8 settings, for example Risk (default 6), Bar Count (default 0) and MA Price (default 0). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 6 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 MACD ASC Trend Trading Strategy
Forex MACD ASC Trend Trading Strategy is an indicator for MetaTrader 4 based on Moving Average, ATR and Oscillator. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 8 settings, such as Risk, Bar count and Ma price. MQL source code included.
Files in the download: ASCTrend1i.ex4, ASCTrend1i.mq4, Gold MACD Indicator.ex4, Golden MACD.ex4, installation manual.txt, Signal_Mantapz.ex4, Signal_Mantapz.mq4, Gold MACD + Golden MACD.tpl ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Risk | 6 | Risk level. WPR_Period=3+Risk*2 or WPR_Period=ALT_PERIOD for a large move |
| Bar count | 0 | 0 for full chart buffer |
| Ma price | 0 | Applied Price: 0-C,1-O,2-H,3-L,4-Median,5-Typical,6-Weighted |
| Ma length | 4 | MA's Period |
| Ma mode | 0 | MA's Method:0-SMA,1-EMA,2-SMMA,3-LWMA |
| Atr length | 11 | ATR's Period |
| Kv | 2 | Volatility's Factor or Multiplier |
| Money risk | 0.15 | Offset Factor |
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 · Trend · Buy/Sell Arrows · Alerts · Moving Average · ATR · Oscillator · MT4 Indicator · MQL4 Source Code