FSP Trend Signal System
FSP Trend Signal System — a MetaTrader 4 indicator kept in the Old Kings collection. As the name suggests, the idea behind it is following the trend and buy / sell signals on the chart. It draws arrows on the chart. It has 5 settings, for example Channel Period (default 9), Risk (default 0.30) and Signal (default 1). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 4 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 FSP Trend Signal System
FSP Trend Signal System is an indicator for MetaTrader 4. It draws buy and sell arrows on the chart. It has 5 settings, such as Channel period, Risk and Signal. MQL source code included.
Files in the download: ForexWOT.Com-FSPTrendSignalSystem\ForexWOT.Com [Trading Rules].url, ForexWOT.Com-FSPTrendSignalSystem\Indicators\BBand Stop.ex4, ForexWOT.Com-FSPTrendSignalSystem\Indicators\BBand Stop.mq4, ForexWOT.Com-FSPTrendSignalSystem\Indicators\FPS Signal.ex4, ForexWOT.Com-FSPTrendSignalSystem\Indicators\FPS Trend .ex4, ForexWOT.Com-FSPTrendSignalSystem\Template\ForexWOT.Com-FSPTrendSignalSystem.tpl.
Settings
| Setting | Default | What it does |
|---|---|---|
| Channel period | 9 | Period or timeframe used by the calculation |
| Risk | 0.30 | Risk per trade (percent of balance) |
| Signal | 1 | |
| Line | 1 | |
| Nbars | 1000 |
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: Buy/Sell Arrows · Trend · MT4 Indicator · MQL4 Source Code