Forex Simple Horizontal Grid Indicator
This Old Kings indicator for MetaTrader 4 is called Forex Simple Horizontal Grid Indicator. Its name points to a grid of orders at fixed price steps. It has 4 settings, for example min Distance (default D_20), SEC LEVELS (default Five) and reverse Colour (default TYPE_NO). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. 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 Simple Horizontal Grid Indicator
Forex Simple Horizontal Grid Indicator is an indicator for MetaTrader 4. It has 4 settings, such as Min distance, Sec levels and Reverse colour. MQL source code included.
Files in the download: installation manual.txt, simplehorizontalgrid.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Min distance | D_20 | Lines density |
| Sec levels | Five | Secondary lines definition |
| Reverse colour | TYPE_NO | Reverse line colours |
| Display in background | TYPE_YES | Hide price labels |
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: Grid · MT4 Indicator · MQL4 Source Code