Ind Hedge 1
Ind Hedge 1 — a MetaTrader 4 indicator kept in the Old Kings collection. Its name points to hedged buy / sell positions. Its source code uses moving averages. It can send alerts. It has 6 settings, for example SYMBOL2, period (default 0-H1 1-H4 2-D1 3-W1 ) and Period Comparison (default 2). 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 · v1.0 · Free
About Ind Hedge 1
Ind Hedge 1 is an indicator for MetaTrader 4 based on Moving Average. It can alert you with a pop-up, sound, email or push message. It has 6 settings, such as Symbol2, Period and Period comparison. MQL source code included.
Files in the download: ind_hedge-1.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Symbol2 | ||
| Period | 0-H1 1-H4 2-D1 3-W1 4-MN1 | Number of bars in the calculation |
| Period comparison | 2 | Number of bars in the calculation |
| Draw | 0-no 1-Candle 2-Line | |
| Draw | 0 | 1- 2- 0- |
| Averaging | 5 | N |
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: Hedging · Alerts · Moving Average · MT4 Indicator · MQL4 Source Code