Forex MACD Signals Indicator
This Old Kings indicator for MetaTrader 4 is called Forex MACD Signals Indicator. Judging by its name, it is built around MACD (moving average convergence / divergence) and buy / sell signals on the chart. In the code it works with MACD and moving averages. It draws arrows on the chart and can send alerts. It has 14 settings, for example Copyright (default Copyright (c) TheXpert, ), 1 (default Parameters for MACD) and Ma Fast (default 5). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. 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 Signals Indicator
Forex MACD Signals Indicator is an indicator for MetaTrader 4 based on MACD and Moving Average. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 14 settings, such as Copyright, 1 and Ma fast. MQL source code included.
Files in the download: installation manual.txt, MACD_Signals_en.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Copyright | Copyright (c) TheXpert, mailto:TheForEXp | |
| 1 | Parameters for MACD | |
| Ma fast | 5 | |
| Ma slow | 73 | |
| Ma signal | 13 | |
| 2 | Applied price (0, 1 ... 6) | |
| Price | 3 | |
| Sequence | 17 | |
| 4 | Draw signal arrows or not | |
| Draw arrows | true | |
| 5 | Delete signal arrows when deleting indic | |
| Delete arrows | true | |
| 6 | Alert or not when signal appears | |
| Use alert | false | Turn this alert on or off |
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 · Moving Average · MT4 Indicator · MQL4 Source Code