Forex Mouteki Demark Trend New Indicator
This Old Kings indicator for MetaTrader 4 is called Forex Mouteki Demark Trend New Indicator. Its name points to following the trend. It draws arrows on the chart. It has 11 settings, for example show Bars (default 200), Lev DP (default 2) and q Steps (default 1). 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 Mouteki Demark Trend New Indicator
Forex Mouteki Demark Trend New Indicator is an indicator for MetaTrader 4. It draws buy and sell arrows on the chart. It has 11 settings, such as Show bars, Lev dp and Q steps. MQL source code included.
Files in the download: installation manual.txt, Mouteki-Demark_trend_new.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Show bars | 200 | if showBars= 0 so the indicator will be shown for all the chart |
| Lev dp | 2 | Demar Pint Levels; 2 = central bar will be higher (lower) then 2 bars on the left side and 2 bars on |
| Q steps | 1 | number of steps/ no more than 3 |
| Back step | 0 | number of staps back |
| Start bar | 0 | ifstartBar=0 so we have recommendation for the current bar, if 1 - for possible next bar |
| Trend line | true | false = no trend lines |
| Horizont line | true | true = break levels |
| Channel line | false | true = channels which is parallel with trend lines |
| Take lines | true | true = take profit lines |
| Comments | true | true = comments |
| Trend | 0 | 1 = for UpTrendLines only, -1 = for DownTrendLines only, 0 = for all TrendLines |
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 · MT4 Indicator · MQL4 Source Code