Forex Slope Direction MTF Indicator
From the Old Kings archive: Forex Slope Direction MTF Indicator, an indicator for MetaTrader 4. As the name suggests, the idea behind it is several timeframes at once. In the code it works with moving averages. It can send alerts and can read another timeframe. It has 6 settings, for example Time Frame (default 0), period (default 80) and method (default 3). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 3 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 Slope Direction MTF Indicator
Forex Slope Direction MTF Indicator is an indicator for MetaTrader 4 based on Moving Average. It can alert you with a pop-up, sound, email or push message and can show data from another timeframe (MTF). It has 6 settings, such as Time frame, Period and Method. MQL source code included.
Files in the download: installation manual.txt, SlopeDirection_MTF.mq4, SlopeDirection_MTF_.mq4, Slope_Direction_Line.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Time frame | 0 | Period or timeframe used by the calculation |
| Period | 80 | Period or timeframe used by the calculation |
| Method | 3 | MODE_SMA |
| Price | 0 | PRICE_CLOSE |
| Note | , | |
| Indicator | Slope Direction Line |
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: Multi-Timeframe (MTF) · Alerts · Moving Average · MT4 Indicator · MQL4 Source Code