Forex Stochastic Melpheos ACS Indicator
This Old Kings indicator for MetaTrader 4 is called Forex Stochastic Melpheos ACS Indicator. As the name suggests, the idea behind it is the Stochastic oscillator. In the code it works with the Stochastic oscillator and moving averages. It draws arrows on the chart and can send alerts. It has 40 settings, for example Fast Stoch Settings, K1 (default 4) and D1 (default 2). 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 Stochastic Melpheos ACS Indicator
Forex Stochastic Melpheos ACS Indicator is an indicator for MetaTrader 4 based on Stochastic and Moving Average. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 40 settings, such as Fast stoch settings, K1 and D1. MQL source code included.
Files in the download: installation manual.txt, StochV-Melpheos-ACS.ex4, StochV-Melpheos-ACS.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Fast stoch settings | ||
| K1 | 4 | |
| D1 | 2 | |
| S1 | 2 | |
| M1 | 2 | 0=sma, 1=ema, 2=smma, 3=lwma |
| Price field1 | 1 | 0=Low/High 1=Close/Close |
| Medium stoch settings | ||
| K2 | 20 | |
| D2 | 2 | |
| S2 | 10 | |
| M2 | 2 | |
| Price field2 | 1 | |
| Slow stoch settings | ||
| K3 | 50 | |
| D3 | 2 | |
| S3 | 10 | |
| M3 | 2 | |
| Price field3 | 1 | |
| Case1 filtering settings | ||
| Show case1 | True | |
| Osob fast stoch1 | 25 | point above/below 0/100 level for o/s o/b level K1 stoch |
| Osob med stoch1 | 20 | point above/below 0/100 level for o/s o/b level K2 stoch |
| Osob slow stoch1 | 10 | point above/below 0/100 level for o/s o/b level K3 stoch |
| Medium stoch speed filter1 | 1 | Medium stoch speed filter |
| Slow stoch speed filter1 | 1 | Slow stoch speed filter |
| Ma filter period1 | 15 | Moving average filter period |
| Ma speed filter1 | 0.0 | Moving average filter speed, adapt accordingly to TF and pair in use |
| Case2 settings | ||
| Show case2 | True | |
| Osob fast stoch2 | 20 | |
| Osob med stoch2 | 40 | |
| Osob slow stoch2 | 20 | |
| Medium stoch speed filter2 | 4 | |
| Ma filter period2 | 15 | Number of bars in the calculation |
| Ma speed filter2 | 0.0 | |
| Case3 settings | ||
| Show case3 | True | |
| Osob fast stoch3 | 20 | |
| Osob med stoch3 | 25 | |
| Osob slow stoch3 | 20 |
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: Stochastic · Buy/Sell Arrows · Alerts · Moving Average · MT4 Indicator · MQL4 Source Code