Forex Modi Simple Buy Sell Indicator
Forex Modi Simple Buy Sell Indicator is an indicator for MetaTrader 4 from the Old Kings collection. Its source code uses MACD, RSI, moving averages and ATR. It draws arrows on the chart. It has 34 settings, for example Show Body (default True), Use RSI (default True) and Use RSIaccel (default True). 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 Modi Simple Buy Sell Indicator
Forex Modi Simple Buy Sell Indicator is an indicator for MetaTrader 4 based on MACD, RSI, Moving Average and ATR. It draws buy and sell arrows on the chart. It has 34 settings, such as Show body, Use rsi and Use rs iaccel. MQL source code included.
Files in the download: installation manual.txt, ModiSimple.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Show body | True | |
| Use rsi | True | |
| Use rs iaccel | True | |
| Use rs ivalue | False | |
| Use rs idir | True | |
| Use rs ihist | True | |
| Use rs iisect | True | |
| Use rs isign | False | |
| Rs iperiod | 14 | Period or timeframe used by the calculation |
| Rs ifast | 12 | |
| Rs islow | 26 | |
| Rs isignal | 9 | |
| Rs ibuy threshold | 40 | |
| Rs isell threshold | 60 | |
| Use macd | True | |
| Use mac daccel | True | |
| Use mac dvalue | False | |
| Use mac ddir | True | |
| Use mac dhist | False | |
| Use mac disect | False | |
| Use mac dsign | False | |
| Fast ma | 12 | |
| Slow ma | 26 | |
| Signal ma | 9 | |
| Show trail | True | Trailing stop distance or switch |
| Trl comment | SATL-1,FATL-2,EMA(HLC/3)-3,(HLC/3)-4,EMA | Comment written on the orders |
| Trl method | 5 | |
| Trl period | 5 | Period or timeframe used by the calculation |
| Trl init mul | 1.0 | |
| Trl mul | 2.0 | |
| Trl atr per | 21 | |
| Trl trap | 0 | |
| Trl use max | False | |
| Trl max trap | 45 |
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: Buy/Sell Arrows · MACD · RSI · Moving Average · ATR · MT4 Indicator · MQL4 Source Code