Forex MACD Custom Candles V3 Indicator
Forex MACD Custom Candles V3 Indicator is an indicator for MetaTrader 4 from the Old Kings collection. Its name points to MACD (moving average convergence / divergence). This copy is version 3. Its source code uses MACD. It has 12 settings, for example MACD Fast (default 2), MACD Slow (default 9) and MACD Signal (default 2). Load it on a demo chart and check whether its signals repaint before trusting them. 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 · v3 · Free
About Forex MACD Custom Candles V3 Indicator
Forex MACD Custom Candles V3 Indicator is an indicator for MetaTrader 4 based on MACD. It has 12 settings, such as Macd fast, Macd slow and Macd signal. MQL source code included.
Files in the download: installation manual.txt, MACD Candles v3.ex4, MACD Candles v3.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Macd fast | 2 | |
| Macd slow | 9 | |
| Macd signal | 2 | |
| Macd up above zero color | Aqua | Colour on the chart |
| Macd up below zero color | DodgerBlue | Colour on the chart |
| Macd dn above zero color | HotPink | Colour on the chart |
| Macd dn below zero color | Red | Colour on the chart |
| Show mtf text | TRUE | |
| Shift mtf text up dn | 10 | Bar shift (0 = current bar) |
| Shift mtf text sideways | 0 | Bar shift (0 = current bar) |
| Mtf text | Arial Bold | |
| Mtf text size | 15 |
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 · MT4 Indicator · MQL4 Source Code