Forex TSI MACD Indicator
This Old Kings indicator for MetaTrader 4 is called Forex TSI MACD Indicator. Judging by its name, it is built around MACD (moving average convergence / divergence). In the code it works with MACD. It has 7 settings, for example Fast (default 8), Slow (default 21) and Signal (default 5). 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 TSI MACD Indicator
Forex TSI MACD Indicator is an indicator for MetaTrader 4 based on MACD. It has 7 settings, such as Fast, Slow and Signal. MQL source code included.
Files in the download: installation manual.txt, TSI_MACD.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Fast | 8 | |
| Slow | 21 | |
| Signal | 5 | |
| First r | 8 | |
| Second s | 5 | |
| Signal period | 5 | Period or timeframe used by the calculation |
| Mode smooth | 2 |
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 · MT4 Indicator · MQL4 Source Code