Forex MACD Double Pair Collar Indicator
From the Old Kings archive: Forex MACD Double Pair Collar Indicator, an indicator for MetaTrader 4. Judging by its name, it is built around MACD (moving average convergence / divergence). In the code it works with moving averages. It draws arrows on the chart. It has 12 settings, for example Master pair (default EURUSD), Slave pair (default GBPUSD) and Pogreshnost (default 5). 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 · v1.0 · Free
About Forex MACD Double Pair Collar Indicator
Forex MACD Double Pair Collar Indicator is an indicator for MetaTrader 4 based on Moving Average. It draws buy and sell arrows on the chart. It has 12 settings, such as Master pair, Slave pair and Pogreshnost. MQL source code included.
Files in the download: installation manual.txt, MACD_Double_pair_2.1+Collor.ex4, MACD_Double_pair_2.1+Collor.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Master pair | EURUSD | |
| Slave pair | GBPUSD | |
| Pogreshnost | 5 | |
| Fast ema | 12 | |
| Slow ema | 26 | |
| Use m1 | False | |
| Use m5 | True | |
| Use m15 | True | |
| Use m30 | True | |
| Use h1 | True | |
| Use h4 | True | |
| Use d1 | False |
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 · Moving Average · MT4 Indicator · MQL4 Source Code