I Trend V1.08 600
I Trend V1.08 600 — a MetaTrader 4 indicator kept in the Old Kings collection. Its name points to following the trend. This copy is version 1.08.600. Its source code uses moving averages and Bollinger Bands. It draws arrows on the chart and can read another timeframe. It has 31 settings, for example symbol, Time Frame (default 0) and _ (default ==== Paris to compare to). 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 · v1.08 · Free
About I Trend V1.08 600
I Trend V1.08 600 is an indicator for MetaTrader 4 based on Moving Average and Bollinger Bands. It draws buy and sell arrows on the chart and can show data from another timeframe (MTF). It has 31 settings, such as Symbol, Time frame and _. MQL source code included.
Files in the download: iTrend_v1.08 600+.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Symbol | Set a different main symbol | |
| Time frame | 0 | Period or timeframe used by the calculation |
| _ | ==== Paris to compare to ==== | |
| Compare to pairs | USDJPY,GBPJPY,EURJPY | |
| __ | ==== iTrend bands settings ==== | |
| Bands mode 0 2 | 0 | =0-2 MODE_MAIN, MODE_LOW, MODE_HIGH |
| Power price 0 6 | 0 | =0-6 PRICE_CLOSE,PRICE_OPEN,PRICE_HIGH,PRICE_LOW,PRICE_MEDIAN,PRICE_TYPICAL,PRICE_WEIGHTED |
| Price type 0 3 | 0 | =0-3 PRICE_CLOSE,PRICE_OPEN,PRICE_HIGH,PRICE_LOW |
| Bands period | 20 | Period or timeframe used by the calculation |
| Bands deviation | 2 | |
| Power period | 13 | Period or timeframe used by the calculation |
| ___ | ==== How to calculate the level ==== | |
| Calculate mode | Classic | Classic / Experimental |
| ____ | ==== Calculate mode Classic settings === | |
| Level bars | 300 | |
| Level factor | 0.283 | |
| _____ | ==== Calculate mode Experimental setting | |
| Bar channel length | 8 | |
| Smooth length | 5 | Period of smoothing |
| Pole | 1 | Pole: 1-EMA(1 pole),2-DEMA(2 poles),3-TEMA(3 poles),4-FEMA(4 poles) |
| Order | 1 | Smoothing Order(min. 1) |
| Weight factor | 1.0 | Weight Factor (ex.Wilder=1,EMA=2) |
| Damping factor | 1.0 | Damping Factor |
| Ma level multiplier | 1.0 | Multiply the level |
| ______ | ==== Signal/Display mode ==== | |
| Signal mode | Every_Signal | Show every signal/The first one per type only |
| Show value in pips | true | ==true is usefull because is price neutral and it helps the comparison between pairs strentgh |
| Arrow size | 2 | |
| Buy arrow color | clrDodgerBlue | Colour on the chart |
| Sell arrow color | clrRed | Colour on the chart |
| Object prefix | it106_arr_ |
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 · Multi-Timeframe (MTF) · Moving Average · Bollinger Bands · MT4 Indicator · MQL4 Source Code