Forex Tipu MACD Indicator
From the Old Kings archive: Forex Tipu MACD Indicator, an indicator for MetaTrader 4. Its name points to MACD (moving average convergence / divergence). In the code it works with divergence checks and MACD. It draws arrows on the chart and can send alerts. It has 17 settings, for example e MACDMode (default 2), Fast EMA (default 12) and Slow EMA (default 26). 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 Tipu MACD Indicator
Forex Tipu MACD Indicator is an indicator for MetaTrader 4 based on Divergence and MACD. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 17 settings, such as E macd mode, Fast ema and Slow ema. MQL source code included.
Files in the download: installation manual.txt, Tipu MACD.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| E macd mode | 2 | MACD Mode |
| Fast ema | 12 | Fast EMA Period |
| Slow ema | 26 | Slow EMA Period |
| Signal sma | 9 | Signal SMA Period |
| E applied price | PRICE_CLOSE | Applied Price |
| S signal type | ---Signal Types------------------------- | Signal Types |
| E mark signals | 1 | Mark Buy/Sell Signals |
| I a offset | 5 | Arrow offset (pips) |
| C up candle | C'31,159,192' | Up Color |
| C dwn candle | C'230,77,69' | Down Color |
| B reversals | true | Zero Line Cross |
| B main signal | true | Main Signal Cross |
| S alert | ---Buy/Sell Global Alert Settings------- | Global Alert Settings |
| I alerti | 1 | Alert i |
| B alert m | false | Alert Mobile |
| B alert s | false | Alert Onscreen |
| B alert e | false | Alert Email |
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 · Buy/Sell Arrows · Alerts · Divergence · MT4 Indicator · MQL4 Source Code