Half Trend 5
Half Trend 5 is an indicator for MetaTrader 4 from the Old Kings collection. Judging by its name, it is built around following the trend. Its source code uses moving averages and ATR. It draws arrows on the chart and can send alerts. It has 8 settings, for example Amplitude (default 2), Show Bars (default true) and Show Arrows (default true). Load it on a demo chart and check whether its signals repaint before trusting them. 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 Half Trend 5
Half Trend 5 is an indicator for MetaTrader 4 based on Moving Average and ATR. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 8 settings, such as Amplitude, Show bars and Show arrows. MQL source code included.
Files in the download: HalfTrend\FXProSystems - best Trading Systems and Indicators.url, HalfTrend\MQL4\Indicators\HalfTrend-1.02.ex4, HalfTrend\MQL4\Indicators\HalfTrend-1.02.mq4, HalfTrend\templates\HalfTrend.tpl.
Settings
| Setting | Default | What it does |
|---|---|---|
| Amplitude | 2 | |
| Show bars | true | |
| Show arrows | true | |
| Alerts on | true | Turn this alert on or off |
| Alerts on current | false | Turn this alert on or off |
| Alerts message | true | Turn this alert on or off |
| Alerts sound | true | Turn this alert on or off |
| Alerts email | false | Turn this alert on or off |
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 · Buy/Sell Arrows · Alerts · Moving Average · ATR · MT4 Indicator · MQL4 Source Code