Forex Trend Manager Open Indicator
From the Old Kings archive: Forex Trend Manager Open Indicator, an indicator for MetaTrader 4. Judging by its name, it is built around following the trend. It has 4 settings, for example TM Period 1 (default 7), TM Shift 1 (default 2) and TM Period 2 (default 13). 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 Manager Open Indicator
Forex Trend Manager Open Indicator is an indicator for MetaTrader 4. It has 4 settings, such as Tm period 1, Tm shift 1 and Tm period 2. MQL source code included.
Files in the download: installation manual.txt, TrendManagerOpen2_seperate_window.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Tm period 1 | 7 | Number of bars in the calculation |
| Tm shift 1 | 2 | Bar shift (0 = current bar) |
| Tm period 2 | 13 | Number of bars in the calculation |
| Tm shift 2 | 1 | Bar shift (0 = current bar) |
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 · MT4 Indicator · MQL4 Source Code