Forex MACD BB Dots V6 Indicator
This Old Kings indicator for MetaTrader 4 is called Forex MACD BB Dots V6 Indicator. Judging by its name, it is built around MACD (moving average convergence / divergence). The file name marks it as version 6. In the code it works with moving averages. It draws arrows on the chart and can read another timeframe. It has 7 settings, for example Time Frame (default 0), Fast EMA (default 12) and Slow EMA (default 26). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 2 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 · v6 · Free
About Forex MACD BB Dots V6 Indicator
Forex MACD BB Dots V6 Indicator is an indicator for MetaTrader 4 based on Moving Average. It draws buy and sell arrows on the chart and can show data from another timeframe (MTF). It has 7 settings, such as Time frame, Fast ema and Slow ema. MQL source code included.
Files in the download: BB_MACD_MT4_v6.ex4, BB_MACD_MT4_v6.mq4, installation manual.txt.
Settings
| Setting | Default | What it does |
|---|---|---|
| Time frame | 0 | Period or timeframe used by the calculation |
| Fast ema | 12 | |
| Slow ema | 26 | |
| Signal sma | 10 | |
| Adx period | 16 | Period or timeframe used by the calculation |
| Std dev | 1.0 | |
| Show dots | true |
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 · Buy/Sell Arrows · Multi-Timeframe (MTF) · Moving Average · MT4 Indicator · MQL4 Source Code