Forex Quality
From the Old Kings archive: Forex Quality, an indicator for MetaTrader 4. In the code it works with divergence checks. It draws arrows on the chart. It has 5 settings, for example Quality (default 0.0), Price Sell (default 2) and Price Buy (default 20). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 2 indicator files 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 Quality
Forex Quality is an indicator for MetaTrader 4 based on Divergence. It draws buy and sell arrows on the chart. It has 5 settings, such as Quality, Price sell and Price buy. MQL source code included.
Files in the download: indicator\Forex_Quality.ex4, indicator\Forex_Quality.mq4, templetes\Forex_Quality.tpl.
Settings
| Setting | Default | What it does |
|---|---|---|
| Quality | 0.0 | |
| Price sell | 2 | |
| Price buy | 20 | |
| Price top | 20 | |
| Pricemode | 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 · Divergence · MT4 Indicator · MQL4 Source Code