Forex MACD Track Trend Colored Indicator
Forex MACD Track Trend Colored Indicator is an indicator for MetaTrader 4 from the Old Kings collection. Judging by its name, it is built around MACD (moving average convergence / divergence) and following the trend. Its source code uses MACD. It has 9 settings, for example MACD Fast (default 12), MACD Slow (default 26) and Signal Period (default 9). 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 Track Trend Colored Indicator
Forex MACD Track Trend Colored Indicator is an indicator for MetaTrader 4 based on MACD. It has 9 settings, such as Macd fast, Macd slow and Signal period. MQL source code included.
Files in the download: installation manual.txt, TrackTrend_MACD_Color.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Macd fast | 12 | |
| Macd slow | 26 | |
| Signal period | 9 | Period or timeframe used by the calculation |
| Color up | Colour on the chart | |
| Color dn | Colour on the chart | |
| Color up dn | , | |
| Color dn up | , | |
| Color time frame | Period or timeframe used by the calculation | |
| Font size | 14 |
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 · Trend · MT4 Indicator · MQL4 Source Code