Forex MACD Sar Version Indicator
This Old Kings indicator for MetaTrader 4 is called Forex MACD Sar Version Indicator. Judging by its name, it is built around MACD (moving average convergence / divergence) and Parabolic SAR. In the code it works with MACD. It draws arrows on the chart. It has 7 settings, for example SARset (default << SAR Input >>), Step (default 0.013) and Maximum (default 0.2). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. 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 Sar Version Indicator
Forex MACD Sar Version Indicator is an indicator for MetaTrader 4 based on MACD. It draws buy and sell arrows on the chart. It has 7 settings, such as Sa rset, Step and Maximum. MQL source code included.
Files in the download: installation manual.txt, _sar_for_macd.ex4, _sar_for_macd.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Sa rset | << SAR Input >> | |
| Step | 0.013 | Distance between orders |
| Maximum | 0.2 | |
| Mac dset | << MACD Input >> | |
| Fast ema | 5 | |
| Slow ema | 34 | |
| Signal sma | 5 |
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 · MT4 Indicator · MQL4 Source Code