Forex Strength Candles Signal Trading Strategy
From the Old Kings archive: Forex Strength Candles Signal Trading Strategy, an indicator for MetaTrader 4. Judging by its name, it is built around currency strength across pairs and buy / sell signals on the chart. In the code it works with moving averages and ADX. It has 5 settings, for example MA Period (default 4), MA Sampling Period (default 4) and MA Method (default 1). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 7 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 Strength Candles Signal Trading Strategy
Forex Strength Candles Signal Trading Strategy is an indicator for MetaTrader 4 based on Moving Average and ADX. It has 5 settings, such as Ma period, Ma sampling period and Ma method. MQL source code included.
Files in the download: !X-UK.MA.4.ex4, !X-UK.MA.4.mq4, !X-UK.NMA.4.ex4, !X-UK.NMA.4.mq4, installation manual.txt, sidewaystrend.ex4, sidewaystrend.mq4, Strength Candles Indicator System.tpl ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Ma period | 4 | Period or timeframe used by the calculation |
| Ma sampling period | 4 | Sampling period should be less than 1/4 of MA_Period |
| Ma method | 1 | 0 - SMA, 1 - EMA, 2 - SMMA, 3 - LWMA |
| Ma applied price | 0 | 0 - PRICE_CLOSE, 1 - PRICE_OPEN, 2 - PRICE_HIGH, 3 - PRICE_LOW, 4 - PRICE_MEDIAN, 5 - PRICE_TYPICAL, |
| Period adx | 14 | Number of bars in the calculation |
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: Buy/Sell Arrows · Moving Average · ADX · MT4 Indicator · MQL4 Source Code