Forex MP Candle Indicator
Forex MP Candle Indicator — a MetaTrader 4 indicator kept in the Old Kings collection. It draws arrows on the chart. It has 5 settings, for example base period (default 1), max counting bars (default 250) and show static (default true). Load it on a demo chart and check whether its signals repaint before trusting them. 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 MP Candle Indicator
Forex MP Candle Indicator is an indicator for MetaTrader 4. It draws buy and sell arrows on the chart. It has 5 settings, such as Base period, Max counting bars and Show static. MQL source code included.
Files in the download: installation manual.txt, MPCandle.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Base period | 1 | set base_period to 1 is best for M5 and M15; set to 5 is best for H4 and D1 |
| Max counting bars | 250 | |
| Show static | true | |
| Static show n | 250 | |
| Static txt color | Black | Colour on the chart |
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 · MT4 Indicator · MQL4 Source Code