Forex SAR MACD Indicator
Forex SAR MACD Indicator is an indicator for MetaTrader 4 from the Old Kings collection. Its name points to MACD (moving average convergence / divergence) and Parabolic SAR. Its source code uses MACD and moving averages. It draws arrows on the chart. It has 5 settings, for example Step (default 0.01), Maximum (default 0.1) and Fast EMA (default 5). 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 SAR MACD Indicator
Forex SAR MACD Indicator is an indicator for MetaTrader 4 based on MACD and Moving Average. It draws buy and sell arrows on the chart. It has 5 settings, such as Step, Maximum and Fast ema. MQL source code included.
Files in the download: installation manual.txt, SARMACD.ex4, SARMACD.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Step | 0.01 | Distance between orders |
| Maximum | 0.1 | |
| Fast ema | 5 | |
| Slow ema | 8 | |
| Signal sma | 9 |
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: MACD · Buy/Sell Arrows · Moving Average · MT4 Indicator · MQL4 Source Code