Forex Open Position
From the Old Kings archive: Forex Open Position, an indicator for MetaTrader 4. In the code it works with MACD, RSI and the Stochastic oscillator. It draws arrows on the chart. It has 11 settings, for example fastrsi (default 3), slowrsi (default 13) and kperiod (default 8). 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 Open Position
Forex Open Position is an indicator for MetaTrader 4 based on MACD, RSI and Stochastic. It draws buy and sell arrows on the chart. It has 11 settings, such as Fastrsi, Slowrsi and Kperiod. MQL source code included.
Files in the download: Forex Open Position.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Fastrsi | 3 | |
| Slowrsi | 13 | |
| Kperiod | 8 | Period or timeframe used by the calculation |
| Dperiod | 3 | Period or timeframe used by the calculation |
| Slowingstoch | 3 | |
| Fast ema | 12 | ʼ |
| Slow ema | 26 | ʼ |
| Signal sma | 9 | ʼ |
| Arrowwidth | 3 | |
| Poin | 15 | |
| Arrowmacd | true |
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 · Stochastic · MT4 Indicator · MQL4 Source Code