Forex MACD Flat Market Detector Indicator
Forex MACD Flat Market Detector Indicator is an indicator for MetaTrader 4 from the Old Kings collection. As the name suggests, the idea behind it is MACD (moving average convergence / divergence). Its source code uses MACD. It has 5 settings, for example Calculate On Bar Close (default true), Fast EMA (default 9) and Slow EMA (default 26). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 1 indicator file 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 Flat Market Detector Indicator
Forex MACD Flat Market Detector Indicator is an indicator for MetaTrader 4 based on MACD. It has 5 settings, such as Calculate on bar close, Fast ema and Slow ema. MQL source code included.
Files in the download: installation manual.txt, MACD_FlatMarketDetector.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Calculate on bar close | true | |
| Fast ema | 9 | |
| Slow ema | 26 | |
| Av period | 400 | Period or timeframe used by the calculation |
| Gamma | 0.75 |
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