Forex MACD Blau Ergodic Indicator
Forex MACD Blau Ergodic Indicator is an indicator for MetaTrader 4 from the Old Kings collection. Judging by its name, it is built around MACD (moving average convergence / divergence). Its source code uses moving averages. It has 5 settings, for example Smooth Length1 (default 20), Smooth Length2 (default 5) and Smooth Length3 (default 3). 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 · v1.0 · Free
About Forex MACD Blau Ergodic Indicator
Forex MACD Blau Ergodic Indicator is an indicator for MetaTrader 4 based on Moving Average. It has 5 settings, such as Smooth length1, Smooth length2 and Smooth length3. MQL source code included.
Files in the download: blau_ergodic_macd.ex4, blau_ergodic_macd.mq4, installation manual.txt.
Settings
| Setting | Default | What it does |
|---|---|---|
| Smooth length1 | 20 | |
| Smooth length2 | 5 | |
| Smooth length3 | 3 | |
| Signal length | 3 | |
| Price | 0 | Applied price |
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 · Moving Average · MT4 Indicator · MQL4 Source Code