Forex MBK Asc Trend Indicator
Forex MBK Asc Trend Indicator — a MetaTrader 4 indicator kept in the Old Kings collection. Judging by its name, it is built around following the trend. Its source code uses an oscillator. It draws arrows on the chart. It has 5 settings, for example RISK (default 3), Numberof Alerts (default 0) and WPRLength1 (default 9,WPRLength2=33,WPRLengt). Try it on a demo chart first and note how its lines or arrows react to new bars. 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 MBK Asc Trend Indicator
Forex MBK Asc Trend Indicator is an indicator for MetaTrader 4 based on Oscillator. It draws buy and sell arrows on the chart. It has 5 settings, such as RISK, Numberof alerts and Wpr length1. MQL source code included.
Files in the download: installation manual.txt, MBKAsctrend3times.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| RISK | 3 | Risk per trade (percent of balance) |
| Numberof alerts | 0 | Turn this alert on or off |
| Wpr length1 | 9,WPRLength2=33,WPRLength3=77 | |
| L toffset | -5 | |
| W1 | 1.0,w2=3.0,w3=1.0 | relative weights |
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: Trend · Buy/Sell Arrows · Oscillator · MT4 Indicator · MQL4 Source Code