Indicators System 2
This Old Kings indicator for MetaTrader 4 is called Indicators System 2. In the code it works with RSI, Bollinger Bands and CCI. It draws arrows on the chart, can send alerts and can read another timeframe. It has 40 settings, for example Custom Indicator (default Average Daily Range Pro ), Label0 (default === Calculation setting ) and ut Days (default Enter number of days to ). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 24 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 System 2
Indicators System 2 is an indicator for MetaTrader 4 based on RSI, Bollinger Bands and CCI. 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 Custom indicator, Label0 and Days. MQL source code included.
Files in the download: average_daily_range_pro_calculator.mq4, csDash31122019.ex4, ZigZag Average Volume.mq4, 0_-_CAMARILLA_ZONES_02.mq4, Magnified Market Price_TRO_MOD.ex4, #Pallada_Assistant 2.mq4, Extreme_Spike.mq4, WPR_VSmark-4.mq4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Custom indicator | Average Daily Range Pro Calculator | |
| Label0 | === Calculation setting === | |
| Days | Enter number of days to calculate. | |
| Day x | 5 | |
| Label1 | === Corner settings === | |
| Upper corner help | 0 = Upper Left, 1 = Right | |
| Lower corner help | 2 = Lower Left, 3 = Right | |
| Corner | 2 | |
| Label2 | === Color settings === | |
| Color help | Select ADR color: | Colour on the chart |
| Adr color | Goldenrod | Colour on the chart |
| Daily high color | LimeGreen | Colour on the chart |
| Daily low color | Fuchsia | Colour on the chart |
| Label3 | === Display settings === | |
| Display help | Enter Yes or No | |
| Show daily high low lines | Yes | |
| Show weekly lines | Yes | |
| Show mini adr | No | |
| Label4 | === Font settings === | |
| Font size help | Font size can be 6 to 14 | |
| Font size | 8 | |
| Vertical spacing adjustment | 0 | |
| Depth | 12 | Depth |
| Deviation | 5 | Deviation |
| Backstep | 3 | Backstep |
| Period | 100 | Backstep |
| Gm tshift | 0 | Bar shift (0 = current bar) |
| From | 0 | |
| Pivots | false | |
| Camarilla | true | |
| Midpivots | false | |
| Start hour | 0 | Hour when trading starts (server time) |
| End hour | 7 | Hour when trading stops (server time) |
| Pos x | 5 | |
| Pos y | 15 | |
| Color common | Khaki | Colour on the chart |
| Color up | DodgerBlue | Colour on the chart |
| Color dn | Red | Colour on the chart |
| Color unkn | Silver | Colour on the chart |
| No repaint | 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 · Bollinger Bands · CCI · MT4 Indicator · MQL4 Source Code