Forex Open With Break MA Indicator
This Old Kings indicator for MetaTrader 4 is called Forex Open With Break MA Indicator. Judging by its name, it is built around moving averages. In the code it works with moving averages. It has 4 settings, for example MA fast (default 5), MA slow (default 20) and MA shift fast (default 2). 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 With Break MA Indicator
Forex Open With Break MA Indicator is an indicator for MetaTrader 4 based on Moving Average. It has 4 settings, such as Ma fast, Ma slow and Ma shift fast. MQL source code included.
Files in the download: installation manual.txt, open_position_MA.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Ma fast | 5 | |
| Ma slow | 20 | |
| Ma shift fast | 2 | Bar shift (0 = current bar) |
| Ma shift slow | 0 | Bar shift (0 = current bar) |
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: Moving Average · MT4 Indicator · MQL4 Source Code