Forex Mon Ex Arrows Indicator
This Old Kings indicator for MetaTrader 4 is called Forex Mon Ex Arrows Indicator. Its name points to buy / sell signals on the chart. In the code it works with ZigZag. It draws arrows on the chart. It has 7 settings, for example Mon Ex Color1 (default clrRed), Mon Ex Color2 (default clrHoneydew) and Mon Ex Color3 (default clrRed). 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 Mon Ex Arrows Indicator
Forex Mon Ex Arrows Indicator is an indicator for MetaTrader 4 based on ZigZag. It draws buy and sell arrows on the chart. It has 7 settings, such as Mon ex color1, Mon ex color2 and Mon ex color3. MQL source code included.
Files in the download: installation manual.txt, monex.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Mon ex color1 | clrRed | Shadow of bear candlestick |
| Mon ex color2 | clrHoneydew | Shadow of bull candlestick |
| Mon ex color3 | clrRed | Bear candlestick body |
| Mon ex color4 | clrHoneydew | Bull candlestick body |
| Turn arrow | False | Switch ON/OFF (True or False) to display the arrow direction |
| Mon ex color5 | clrYellow | Bear Arrow |
| Mon ex color6 | clrAqua | Bull Arrow |
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 · ZigZag · MT4 Indicator · MQL4 Source Code