Free Momods Open Canal System
This Old Kings indicator for MetaTrader 4 is called Free Momods Open Canal System. In the code it works with MACD, RSI, the Stochastic oscillator and moving averages. It can send alerts. It has 40 settings, for example IIIIIIIIIIIIIIIIIII (default <<<< Indicator Settings ), Show intraday Range (default TRUE) and IIIIIIIIIIIIIIIIIIII (default <<<< Chart Posistion Set). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 2 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 Free Momods Open Canal System
Free Momods Open Canal System is an indicator for MetaTrader 4 based on MACD, RSI, Stochastic and Moving Average. It can alert you with a pop-up, sound, email or push message. It has 40 settings, such as Iiiiiiiiiiiiiiiiiii, Show intraday range and Iiiiiiiiiiiiiiiiiiii. MQL source code included.
Files in the download: FREE TRADING SYSTEMS AND INDICATORS.url, Image 9.png, #Signal_Bars_v6.mq4, trendalt_Alert.mq4, Momods_Open_Canal.tpl.
Settings
| Setting | Default | What it does |
|---|---|---|
| Iiiiiiiiiiiiiiiiiii | <<<< Indicator Settings >>>>>>>>>> | |
| Show intraday range | TRUE | |
| Iiiiiiiiiiiiiiiiiiii | <<<< Chart Posistion Settings >>>>> | |
| Corner of chart right top | TRUE | |
| Iiiiiiiiiiiiiiiiiiiii | <<<< Comments Settings >>>>>>>> | |
| Show price | TRUE | |
| Show xtra details | TRUE | |
| Show smaller size | FALSE | |
| Shift up dn | 0 | Bar shift (0 = current bar) |
| Adjust side to side | 20 | |
| Bar label color | LightSteelBlue | Colour on the chart |
| Comment label color | LightSteelBlue | Colour on the chart |
| Spread color | Gold | Maximum spread allowed to trade |
| Hi lo color | Gold | Colour on the chart |
| Pips up | Lime | |
| Pips dn | OrangeRed | |
| Daily av up | Lime | |
| Daily av dn | OrangeRed | |
| Iiiiiiiiiiiiiiiiiiiiii | <<<< MACD Settings >>>>>>>>>>> | |
| Macd fast | 8 | |
| Macd slow | 17 | |
| Macd signal | 9 | |
| Macd price type | 0 | |
| Iiiiiiiiiiiiiiiiiiiiiii | <<<< MACD Colors >>>>>>>>>>>>>>>>>> | |
| Xup above 0 | Lime | |
| Xdn above 0 | Tomato | |
| Xup below 0 | Green | |
| Xdn below 0 | Red | |
| Iiiiiiiiiiiiiiiiiiiiiiii | <<<< RSI Settings >>>>>>>>>>>>> | |
| Rsi period | 9 | Period or timeframe used by the calculation |
| Rsi price type | 0 | |
| Iiiiiiiiiiiiiiiiiiiiiiiii | <<<< CCI Settings >>>>>>>>>>>>>> | |
| Cci period | 13 | Period or timeframe used by the calculation |
| Cci price type | 0 | |
| Iiiiiiiiiiiiiiiiiiiiiiiiii | <<<< STOCH Settings >>>>>>>>>>> | |
| Stoch k period | 5 | Period or timeframe used by the calculation |
| Stoch d period | 3 | Period or timeframe used by the calculation |
| Stoch slowing | 3 | |
| Stoch ma mode | 1 | |
| Iiiiiiiiiiiiiiiiiiiiiiiiiii | <<<< STR Colors >>>>>>>>>>>>>>>> |
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: Alerts · MACD · RSI · Stochastic · Moving Average · CCI · MT4 Indicator · MQL4 Source Code