Good Indicators
From the Old Kings archive: Good Indicators, an indicator for MetaTrader 4. In the code it works with RSI, the Stochastic oscillator and moving averages. It draws arrows on the chart, can send alerts and can read another timeframe. It has 40 settings, for example ADXper (default 14), kric (default 150) and Signal (default 8). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 11 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 Good Indicators
Good Indicators is an indicator for MetaTrader 4 based on RSI, Stochastic and Moving Average. It draws buy and sell arrows on the chart, can alert you with a pop-up, sound, email or push message and can show data from another timeframe (MTF). It has 40 settings, such as Ad xper, Kric and Signal. MQL source code included.
Files in the download: 1\ADXChannel.mq4, 1\Combined MA Signal.mq4, 1\Fiba+v7Rus.ex4, 1\High_Lowiv2i_ZigZag (неперерис.).mq4, 1\MACD Crossover Alert.ex4, 1\xpMA_v9 (с сигналом).mq4, 1\StepMa\StepMA_3D_v1.mq4, 1\StepMa\StepMA_Stoch_v1_sound.mq4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Ad xper | 14 | ADX |
| Kric | 150 | |
| Signal | 8 | |
| Slow | 0 | |
| Repaint | 0 | |
| Filter points | 8 | |
| Barn | 300 | |
| Length | 6 | |
| Time frame | 0 | Period or timeframe used by the calculation |
| Ma period | 34 | Period or timeframe used by the calculation |
| Ma type | MODE_EMA | |
| Ma applied | PRICE_CLOSE | |
| T3 ma volume factor | 0.8 | |
| Jma phase | 0 | |
| Step period | 4 | Distance between orders |
| Ma shift | 0 | Bar shift (0 = current bar) |
| Debug mode | false | |
| Alert on | false | Turn this alert on or off |
| Arrows on | false | |
| Up arrow code | 241 | |
| Down arrow code | 242 | |
| Up arrow color | Blue | Colour on the chart |
| Down arrow color | Red | Colour on the chart |
| Up arrow size | 3 | |
| Down arrow size | 3 | |
| Email alert | false | Turn this alert on or off |
| Note tf | 1M,5,15,30,60H1,240H4,1440D1,10080W1,432 | |
| Ma method | (SMA0,EMA1,SmmMA2,LWMA3,DEMA4,TEMA5,_T3M | |
| Period watr | 10 | Number of bars in the calculation |
| Kwatr | 1.0000 | |
| Advance min | 0 | |
| Advance max | 0 | |
| Advance mid | 0 | |
| High low | 0 | |
| Calculated bars | 2000 | was 500 |
| Alert on | true | ON=true, OFF=false |
| Fast rsi | ||
| Fast rsi period | 7 | Period or timeframe used by the calculation |
| Fast rsi price | 0 | |
| Fast rsi use smooth | false |
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 · Alerts · Multi-Timeframe (MTF) · RSI · Stochastic · Moving Average · MT4 Indicator · MQL4 Source Code