Forex Trend Light Direction Trading System
This Old Kings indicator for MetaTrader 4 is called Forex Trend Light Direction Trading System. Judging by its name, it is built around following the trend. In the code it works with moving averages. It draws arrows on the chart and can send alerts. It has 10 settings, for example Alert On (default TRUE), Price (default 0) and Length (default 4). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 3 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 Trend Light Direction Trading System
Forex Trend Light Direction Trading System is an indicator for MetaTrader 4 based on 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 10 settings, such as Alert on, Price and Length. MQL source code included.
Files in the download: ForexScannerQuantumElite.mq4, IDT1.ex4, installation manual.txt, NonLagMA_v7.1.mq4, trend direction.tpl.
Settings
| Setting | Default | What it does |
|---|---|---|
| Alert on | TRUE | Turn this alert on or off |
| Price | 0 | Apply to Price(0-Close;1-Open;2-High;3-Low;4-Median price;5-Typical price;6-Weighted Close) |
| Length | 4 | Period of NonLagMA |
| Displace | 0 | DispLace or Shift |
| Pct filter | 0 | Dynamic filter in decimal |
| Color | 1 | Switch of Color mode (1-color) |
| Color bar back | 1 | Bar back for color mode |
| Deviation | 0 | Up/down deviation |
| Alert mode | 1 | Sound Alert switch (0-off,1-on) |
| Warning mode | 1 | Sound Warning switch(0-off,1-on) |
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 · Buy/Sell Arrows · Alerts · Moving Average · MT4 Indicator · MQL4 Source Code