Forex Three Color MACD Indicator
This Old Kings indicator for MetaTrader 4 is called Forex Three Color MACD Indicator. Its name points to MACD (moving average convergence / divergence). In the code it works with moving averages. It has 6 settings, for example Fast EMA (default 12), Slow EMA (default 26) and Signal SMA (default 9). 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 Three Color MACD Indicator
Forex Three Color MACD Indicator is an indicator for MetaTrader 4 based on Moving Average. It has 6 settings, such as Fast ema, Slow ema and Signal sma. MQL source code included.
Files in the download: 3colormacd.mq4, installation manual.txt.
Settings
| Setting | Default | What it does |
|---|---|---|
| Fast ema | 12 | |
| Slow ema | 26 | |
| Signal sma | 9 | |
| Count bars | 300 | |
| Line | 3 | |
| Zero level | 0.0 |
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: MACD · Moving Average · MT4 Indicator · MQL4 Source Code