Indicators
This Old Kings indicator for MetaTrader 4 is called Indicators. It draws arrows on the chart. It has 24 settings, for example Period1 (default 5), Period2 (default 13) and Period3 (default 34). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 9 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 Indicators
Indicators is an indicator for MetaTrader 4. It draws buy and sell arrows on the chart. It has 24 settings, such as Period1, Period2 and Period3. MQL source code included.
Files in the download: 3_Level_ZZ_Semafor.ex4, 3_Level_ZZ_Semafor.mq4, Dash.ex4, Dash.mq4, me_Breakeven_Line v2.4.ex4, TDI (alerts +arrows).ex4, TrendLines.ex4, TrendLines.mq4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Period1 | 5 | Number of bars in the calculation |
| Period2 | 13 | Number of bars in the calculation |
| Period3 | 34 | Number of bars in the calculation |
| Dev step 1 | 1,3 | Distance between orders |
| Dev step 2 | 8,5 | Distance between orders |
| Dev step 3 | 21,12 | Distance between orders |
| Symbol 1 kod | 140 | |
| Symbol 2 kod | 141 | |
| Symbol 3 kod | 142 | |
| Clock color | Red | Colour on the chart |
| Corner placement | 1 is top right 3 is bottom right | |
| Corner | 3 | |
| Risk percentage | 2.85 | Risk per trade (percent of balance) |
| Number of charts | 1 | |
| T period | 18 | Period or timeframe used by the calculation |
| T limit | 350 | |
| Auto adjust | true | |
| Auto timeframe | 60 | Period or timeframe used by the calculation |
| Horizontal lines | false | |
| Support | DeepSkyBlue | |
| Resistance | Red | |
| Sound alert | false | Turn this alert on or off |
| Alert pip range | 10 | Turn this alert on or off |
| Alert wav | alert.wav | 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: Buy/Sell Arrows · MT4 Indicator · MQL4 Source Code