Forex MACD Coral Trading Strategy
This Old Kings indicator for MetaTrader 4 is called Forex MACD Coral Trading Strategy. Its name points to MACD (moving average convergence / divergence). In the code it works with MACD and ATR. It draws arrows on the chart and can send alerts. It has 9 settings, for example __ (default Silver), Buy (default Silver) and Sell (default Silver). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 4 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 Coral Trading Strategy
Forex MACD Coral Trading Strategy is an indicator for MetaTrader 4 based on MACD and ATR. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 9 settings, such as __, Buy and Sell. MQL source code included.
Files in the download: ! Coral 260.ex4, ! Coral 260.mq4, installation manual.txt, ! MACD+.ex4, ! MACD+.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| __ | Silver | (White) |
| Buy | Silver | (RoyalBlue) DarkBlue |
| Sell | Silver | (DarkOrange) Crimson FireBrick |
| _ | true | |
| Macd | MACD | |
| Macd fast ema | 24 | (24) |
| Macd slow ema | 52 | (52) |
| Macd signal sma | 45 | (45) |
| Atr | _ATR |
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 · Alerts · ATR · MT4 Indicator · MQL4 Source Code