Forex Step MA Indicator
From the Old Kings archive: Forex Step MA Indicator, an indicator for MetaTrader 4. As the name suggests, the idea behind it is moving averages. It draws arrows on the chart. It has 8 settings, for example Length (default 10), Kv (default 0.9) and Step Size (default 0). Try it on a demo chart first and note how its lines or arrows react to new bars. 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 Step MA Indicator
Forex Step MA Indicator is an indicator for MetaTrader 4. It draws buy and sell arrows on the chart. It has 8 settings, such as Length, Kv and Step size. MQL source code included.
Files in the download: installation manual.txt, Skyscraper.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Length | 10 | ATR Length |
| Kv | 0.9 | Sensivity Factor |
| Step size | 0 | Constant Step Size (if need) |
| Advance | 0 | Offset |
| Percentage | 0 | Up/down moving percentage |
| High low | false | High/Low Mode Switch (more sensitive) |
| Color | true | Color Mode Switch |
| Bars number | 0 | Counted bars |
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 · Buy/Sell Arrows · MT4 Indicator · MQL4 Source Code