Forex Trend ID Indicator
Forex Trend ID Indicator — a MetaTrader 4 indicator kept in the Old Kings collection. Its name points to following the trend. Its source code uses moving averages. It has 5 settings, for example MVA Length (default 200), Std Dev Length (default 20) and Smoothing Length (default 20). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. 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 Trend ID Indicator
Forex Trend ID Indicator is an indicator for MetaTrader 4 based on Moving Average. It has 5 settings, such as Mva length, Std dev length and Smoothing length. MQL source code included.
Files in the download: installation manual.txt, trend-id-indicator.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Mva length | 200 | |
| Std dev length | 20 | |
| Smoothing length | 20 | |
| Multiplier | 2. | How much the lot size grows after a loss |
| Price | 0 | Applied price |
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: Trend · Moving Average · MT4 Indicator · MQL4 Source Code